Bitcoin: what if...

26 Oca 2018

Bitcoin: Please look at the last time RSI has been in oversold territory in the daily chart. Could it be there the starting point of a new progression? Could it make sense? I don't know, I am not a professional trader and these are only my personal ideas. Thank you for reading and for sharing ideas.

26 Oca 2018

Not

26 Oca 2018

Not

The idea is the following:
1) Price will keep falling until RSI arrives in oversold territory

26 Oca 2018

Not

Sorry let's start again...be patient...I am getting confused. lol

26 Oca 2018

Not

1) Price will keep following actual trend until RSI arrives in oversold territory

26 Oca 2018

Not

2) At a certain point it will hit a support and pause.

26 Oca 2018

Not

3) RSI will continue descending whilst price is supported

26 Oca 2018

Not

4) The more RSI will stretch, the more powerfull will be price next move

26 Oca 2018

Not

5) And this energy will help BTC to resume it's progressive growth once MACD and RSI confirms it.

26 Oca 2018

Not

Too simple? lol

26 Oca 2018

Not

I must learn to control my self-ego. Sorry for last comment.

26 Oca 2018

Not

26 Oca 2018

Not

Like an elastic. Not joking. lol

26 Oca 2018

Not

From there I can see the momentum growing of bulls coming back. That would be really nice. lol

26 Oca 2018

Not

Need time and patient but lots of opportunities if it unfolds this way. Let's see.

26 Oca 2018

Not

How has been the sentiment these days? Was it good enough for a start from the 10K support? I dont know.

26 Oca 2018

Not

RSI may get there if price complete the double bottom I posted here:

26 Oca 2018

Not

The double bottom would then be closed on 78% fibonaccio. A double bottom there will be like two solid columns for the future of BTC if buyers jumps in.

26 Oca 2018

Not

26 Oca 2018

Not

To me it seems an enternity looking at such longterm timeframes. lol