Weekly Close of Bitcoin is on the Bottom

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Bitcoin has closed last week at 18800 USD where is the bottom level of close after ATH 69K USD. While weekly close of Bitcoin going down, RSI Indicator is going up...

It is nice to see possitive divergence on weekly RSI Indicator.. It is one of good signal that we may be on the bottom of bearish season...

Here you can also similarity of RSI Indicator between 2018 and 2022...

Ekran Resmi 20220926 20.44.37.png

Here you can see daily chart of Bitcoin. Bitcoin is trying to close above 8-day moving average... It is important for shortterm trend. When we see close above 8-day MA a few days, Bitcoin price may go up and may break up downtrend line and change the trend...

Ekran Resmi 20220926 20.46.49.png

This week is very important. I said lots of times that we are in last 9 day to see huge moves on Bitcoin chart...

We will see...

Posted Using LeoFinance Beta

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7 comments
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Bang, I did it again... I just rehived your post!
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It has to "escape" the downward triangle.

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Great information…

I added you to my upvote trail. When is the best time to upvote your posts ???

5 minutes ? 7 minutes ?

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I start to make 2-5 years plans related to Bitcoin. Long term only.

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Youtubers Benjamin Cowen and Nicolas Merge are bearish on the crypto market. They both think that we will see new lows on BTC. The reason is: They compare the actual bear market with the 2018-2019 bear market. I don't think that they will both work similarly.

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