Bitcoin saw an RSI breakout and it broke then 4 month downtrend
As it stands now, bitcoin is all setup to have a very good month of February and possibly beyond.
It broke the 4 month long downtrend which started right after bitcoin hit it's all time highs around $69k.
Plus it broke the downtrend on the daily RSI as well as the 3D RSI.
The latter can be seen here:
(Source: https://twitter.com/CryptoWorldJosh/status/1490204340254310403/photo/1)
So far that chart is showing a higher low, which would be very good news going forward for a long sustained rally that eventually takes out the all time highs.
I am a little concerned with some regulatory issues coming down the pipe in the next few weeks, but if those don't kill this setup, we should be good to go for at least a very solid bounce if not an outright reversal.
Hopefully STEEM does very well as well!
Very Informative.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
wow what exciting expectations for this week
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Upvoted! Thank you for supporting witness @jswit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Let's goooo 🚀🚀🚀
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit