Bitcoin: Pillars of Overbought/OS on RSI’s w/ 100D EMA
Bitcoin all time history index INDEX:BTCUSD
The first 2 pillars on the left price got rejected from 100 Day EMA when RSI’s were overbought. The third pillar broke the 100EMA but was still getting/were oversold on the RSI’s. The last pillar is close to/has bottomed on the Stoch’s and regular RSI is under midline as were testing 100D EMA again. If BTC breaks 100EMA (43.6K) and RSI midline price could have some good room to run, if not RSI could want to bottom again before moving higher.
