Hello, dear TradingView members.
This idea is a Bitcoin analysis.
It's been weeks since Bitcoin is consolidating and stuck in this support zone.
The price is not below the lower Bollinger Band, which shows it's not oversold. however, it's still pushing on the lower band.
While many of you might say that the price is now the minimum and can not get lower, the RSI indicator shows it is still NOT oversold. Meaning there is still room to go lower.
The Bollinger Bands are becoming vast, meaning the price might have big dumps or pumps anytime soon.
It was just a quick weekend update. I'll get you more details tomorrow. Stay tuned!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
This idea is a Bitcoin analysis.
It's been weeks since Bitcoin is consolidating and stuck in this support zone.
The price is not below the lower Bollinger Band, which shows it's not oversold. however, it's still pushing on the lower band.
While many of you might say that the price is now the minimum and can not get lower, the RSI indicator shows it is still NOT oversold. Meaning there is still room to go lower.
The Bollinger Bands are becoming vast, meaning the price might have big dumps or pumps anytime soon.
It was just a quick weekend update. I'll get you more details tomorrow. Stay tuned!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
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