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!
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