BTC / USD My vision for today.

in #analysis7 years ago

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I'm not a native speaker, so please understand the grammatical errors that will necessarily be in my texts)) Bitcoin yesterday showed a good growth, setting a daily high at around 11 150.00 USD. By the evening, the price was slightly corrected, and today the growth continued. My goal is 11 800.00 USD. If the price of one breath reaches this goal, then the bulls will have to fight hard. This tells us the indicator RSI, which is already on the border of the overbought zone.

If the target is 11 800.00 Bitcoin will "sneak up" the lateral direction, then most likely the RSI indicator will always return to the neutral zone, and the resistance line assault at the level of 11 800.00 USD, will pass faster. What tactics the bulls will choose, we will certainly analyze tomorrow, the main thing is that the bears do not intercept the initiative when moving sideways. Then the trek to the height of 11 800.00 USD will need to start again, from the area of ​​11 030.00 USD or, even, 10 770.00 USD. This is the support zone, from where the price resumed growth after another correction.

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good news

The right approach. I agree with this technical analysis, but do not trust the honeymooners.