10day MA has cut over the 50day MA. But a head and shoulders pattern could also be forming up.
Notice the RSI is also shifting up and may have to correct after 2-3days.
Further uptrends or a Head & Shoulders forming soon?
Notice the RSI is also shifting up and may have to correct after 2-3days.
Further uptrends or a Head & Shoulders forming soon?
Note
It looks like it will close with another spinning top candle, signalling indecision.A possible double top pattern and head and shoulders may also have formed.
However, I'm looking to the RSI breaking pass the channel line, before expecting BTC to break down crazily!
Note
RSI has broken! Down it goes!Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.