Weekly RSI Indicator of BTC Price is Below Support Line

in LeoFinance • 4 years ago

There is great support line coming from 2019 in weekly RSI Indicator of BTC Price. After today's BTC price dump, Support line broken down. Weekly close is very important!

Ekran Resmi 20220121 23.39.40.png

I will follow this trend line to stop. If BTC Price close this level, support line will be broken. BTC Price should go up and close above 39K!

Is it possible?

It may be possible. As we see in daily chart of BTC, RSI indicator is in oversold area. We did see this level on Covid and Elon Musk dump... It may be the dip signal...

Ekran Resmi 20220121 23.52.41.png

There is only 50 hours for weekly close. 39K is very imporant. We will see where BTC price be closed...

Posted Using LeoFinance Beta

#crypto #analysis #proofofbrain #cent #leofinance #palnet #vyb #neoxian #btc #investing
4 years ago in LeoFinance by
$24.19
  • Past Payouts $24.19
  • - Author $12.13
  • - Curators $12.06
149 votes
Reply 3
Sort:  
  • Trending
    • [-]
     4 years ago  

    pixresteemer_incognito_angel_mini.png
    Bang, I did it again... I just rehived your post!
    Week 89 of my contest just started...you can now check the winners of the previous week!
    !LUV
    2

    $0.00
      Reply
      [-]
       4 years ago  

      I'm afraid we've entered the bear market

      $0.00
        Reply