Its been dark days for BTC and everyone's calling a retest to the 6k/7k support. Its been a pretty bumpy ride sideways and its getting hard to tell what's going to happen. When people can't see clearly they either imagine what they fear or what they hope...
In a time of FUD I hope this TA shines a little light at the end of this down channel tunnel!
So.. Looking at the RSI the bears are showing they're aggressive with successive pushes down to the oversold margin.
If you notice where I've flashed my torchlight each push bounces back up after pretty much the same amount of time! and as we see the price moving sideways the next shove back might see a breakout, which I predict will be followed up by a quick retest into the channel. I'm calling it now!
Also notice the 50 day MA and the 20 day MA look like they're about to switch right where the 4th swing up on the RSI should take place! How exciting is that! Its Spring time and there's a lot of butterflies in the air for me.. even if butterflies don't live long X'D
Peace and love,
This is my first TA,
I've been studying forex trading for less than 20 days,
don't overthink this plz x
I'm more so posting this for a record of how my predictions go.
Advice always welcome.
disclaimer: take advice from tea leaves before you go disseminating me ! <333
In a time of FUD I hope this TA shines a little light at the end of this down channel tunnel!
So.. Looking at the RSI the bears are showing they're aggressive with successive pushes down to the oversold margin.
If you notice where I've flashed my torchlight each push bounces back up after pretty much the same amount of time! and as we see the price moving sideways the next shove back might see a breakout, which I predict will be followed up by a quick retest into the channel. I'm calling it now!
Also notice the 50 day MA and the 20 day MA look like they're about to switch right where the 4th swing up on the RSI should take place! How exciting is that! Its Spring time and there's a lot of butterflies in the air for me.. even if butterflies don't live long X'D
Peace and love,
This is my first TA,
I've been studying forex trading for less than 20 days,
don't overthink this plz x
I'm more so posting this for a record of how my predictions go.
Advice always welcome.
disclaimer: take advice from tea leaves before you go disseminating me ! <333