After two days of sell-offs, bitcoin bulls finally returned. Market Wrap: Bitcoin Steady Near $54K; RSI Indicator Warns of Limited Uptrend. After two days of sell-offs, bitcoin bulls finally returned. CoinDesk's Bitcoin Price Index.
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- Market Wrap: Bitcoin Steady Near $54K; RSI Indicator Warns of Limited Uptrend - CoinDesk
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- Market Wrap: Bitcoin Steady Near $54K; RSI Indicator Warns of Limited Uptrend
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Market Wrap: Bitcoin Steady Near $54K; RSI Indicator Warns of Limited Uptrend - CoinDesk
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Market Wrap: Bitcoin Steady Near $54K; RSI Indicator Warns of Limited Uptrend
Features Tech Metals. Real-time gold scrap value calculator for professionals iPhone Android Web. Calculate precious metal dimensions, weights and purity iPhone Blackberry Android. News Bites. Price Charts and Technical Analysis. This indicates a strong trend: A bullish bounce at the 21 ema zone is usually part of a wave 3.
The uptrend seems far from finished with multiple waves 3 still pending. The previous top red box will either create a bearish bounce orange arrows or a bull flag chart pattern grey arrows. A reversal should reach the previous bottom blue box where the uptrend restarts blue arrow. A bull flag pattern should see a bullish breakout and continuation green arrow. Ultimately the The current push up could already be a new wave orange but price action must build a bull flag chart pattern grey arrows. A strong bearish reaction orange arrows could indicate an extension of the wave 4 grey via an ABC light blue.
Eventually the uptrend is expected to continue either immediately green arrow or after a pullback blue arrow. Good trading, Chris Svorcik The analysis has been done with the indicators and template from the SWAT method simple wave analysis and trading. Don't miss a thing! Discover what's moving the markets. Sign up for a daily update delivered to your inbox.
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