Most of Indicators are at All time Low Level on Bitcoin Price Chart

26 days ago

Bitcoin price is 5th weekly red candle. After getting these red candles series, lots of major indicators are at all time low level. It may be one of signal for reversing up. But there is no reversing attacks on Bitcoin price chart.

Here you can see the indicators on weekly chart of Bitcoin price. MACD Indicator is at all time low level. We have not seen this level before. RSI Indicators is close to all time low level. If we see a few weekly red candles, It will touch all time low level.
Fisher Indicator is trying to revese up after fake reversing up.
There is also great support on Bitcoin price chart. 200-week moving average is close to Bitcoin price.

Here you can see the indicators on daily chart of Bitcoin price. There is great possitive divergence on this chart. We may see uptrend in a few days. The top level of RSI Indicator is increasing but the top level of price is decreasing. We should see the price going up. We may see the result of this possitive divergence in a few days. We may see bullish moves on Bitcoin price in next weeks.

Even Bitcoin price is in bearish season, it is possible to see small uptrend. We are close to see the beginning of this uptrend. Possitive divergence should work.

We will see..

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1 comments

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25 days ago

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