Bitcoin (BTC) Update: Bollinger Bands, RSI, Stoch, MACD & More!!

6 Eyl 2018

We've not hit the floor of the bollinger bands yet... we still have some margin down, but we're almost there.

Let's see how the indicators are now...


RSI - It was time for a dip here as it had a continuous climb until almost overbought levels.

Stochastic RSI - It was at overbought levels for a looong time... finally came down.

Stochastic - It was at overbought levels for a while before the dip.

MACD - A closer look reveals that a cross-down looks quite natural and with smaller scales it has already occurred.


It's not just the cryptos market that's down atm, all the major indexes opened lower this morning: Dow Jones, S&P, Nasdaq, WTI Crude...


Conclusion: Putting all this together... it's not unexpected that a minor correction happens at that moment, right?
The MACD indicator shows that bears have been losing their strength since the beginning of the major correction.