BTC Price Broke Weekly RSI Resistance - So?

in crypto •  2 months ago 

BTC Price broke weekly RSI resistance last week and It was great resistance for weekly RSI chart!

I shared a post It was one of important weekend for BTC price. RSI broke the downtrend without any crash. This may indicate that the way for BTC price is clear in the mid-term.

Ekran Resmi 20211012 22.14.17.png

After breaking RSI weekly resistance I will not be surprised to see BTC on ATH!

Weekly Chart

You can see RSI weekly chart what happened when RSI weekly resistance broken... This pump may show us ATH...

Ekran Resmi 20211012 22.29.58.png

But wait...

Daily Chart in Danger!

Daily chart of BTC in danger. Those who open long positions need to be cleared from the market.

As you see daily chart of BTC, a correction is coming soon... Fisher indicators is going to moon.. It will turn down in a few days. When it turns down, Price may be below 8-day MA. It is signal of mini trend...

Ekran Resmi 20211012 22.32.17.png

This year is hard to predict the price of BTC. Because of their long and short positions, market makers are making very misleading moves.

Therefore, consider my analysis as a possible scenario..

Let's see...

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