BTC daily review: Long awaited RSI break is here
** Welcome to daily Bitcoin analysis**
So after a nice big move on 21st July followed by good 3 days of green closes and a breakout of $33K level. I am leaning short term bullish on this.
I have one order filled at $32.3K and now I am waiting to add more on the retest of $33.2K, I will keep my SL below 22nd July daily low.
Another bullish sign is RSI structure has seen a breakout after January and it is now trading above mid-RSI levels
Fear has subsided from the market and looks like the market is getting ready to be greedy again.
We can not rule out $41K to $44K move here.
Are we out of the bear market yet? it's hard to say at the moment even in bear market prices don't fall in a straight line. So let's take it to level by level
Happy trading!
So after a nice big move on 21st July followed by good 3 days of green closes and a breakout of $33K level. I am leaning short term bullish on this.
I have one order filled at $32.3K and now I am waiting to add more on the retest of $33.2K, I will keep my SL below 22nd July daily low.
Another bullish sign is RSI structure has seen a breakout after January and it is now trading above mid-RSI levels
Fear has subsided from the market and looks like the market is getting ready to be greedy again.
We can not rule out $41K to $44K move here.
Are we out of the bear market yet? it's hard to say at the moment even in bear market prices don't fall in a straight line. So let's take it to level by level
Happy trading!
