Here is something I'm watching in Bitcoin/USD right now

in #bitcoin5 years ago

Right now I am watching a possible bearish divergence on the 30/45/60 minute charts with higher highs in price and lower highs in the MACD. The Stochastic RSI is in the oversold territory but Bitcoin uptrends has ignored that once before. My personal gut feeling is that Bitcoin will reach at the very least the $10k level. But I know I cannot base an entire analysis on gut feelings.

On other indicators, the RSI is in neutral territory on the 30 minute chart.
If Bitcoin can see a surge of buying volume, it will ultimately ignore all of these bearish indicators.

7 feb 2020 30 minute.png

Also, here is the analysis that I posted here yesterday for context: https://steemit.com/bitcoin/@divingman25/30-minute-bitcoin-chart-update

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