Bitcoin Rally - update

in #cryptocurrency7 years ago (edited)

2018-april-3.png

https://www.tradingview.com/x/3JEcQ6YM/

It seems that bitcoin has taken the upper path (as shown by the purple arrows in the graph above), and could move upwards to at least $7700, after a potential dip to $7200.

Why a dip to $7200 first? Well, note how high the RSI indicator is on the 1 hour time frame - this should need to be reset before continuing higher. Godmode and ADX also show possible signs of being overextended - hinting at a potential reversal before continuing the movement upwards to $7700 - and even beyond.

pexels-photo-103127.jpeg


This is not financial advice, just a part of my own research.