BTC/USDT: forming bullish swing rejection pattern on RSI
BTC/USDT #rank=1
As we all now few days for BTC where not good we saw corrections and several pullbacks which brought little bearishness to the market. Due to unstable nature of BTC other ALTS also got disturbed too and all these event created panic in the market. But as for now BTC looks like it is recovering and being stable.
Presently, BTC is facing a resistance at $58.5k-$59k which can be clearly seen in the chart,i.e. price moves up touches that level and falls back again. So for BTC to start a strong upward trend again it has to break that resistance level . According to me a breakout coming very soon.
Because,
BTC is forming a bullish swing rejection on the RSI indicator which can be clearly seen on the RSI indicator chart, bullish swing rejection as name suggest is bullish pattern. RSI has formed the breakout level of the swing rejection and once the breakout level is breached BTC chart will also break the resistance and move further. For higher highs.
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As we all now few days for BTC where not good we saw corrections and several pullbacks which brought little bearishness to the market. Due to unstable nature of BTC other ALTS also got disturbed too and all these event created panic in the market. But as for now BTC looks like it is recovering and being stable.
Presently, BTC is facing a resistance at $58.5k-$59k which can be clearly seen in the chart,i.e. price moves up touches that level and falls back again. So for BTC to start a strong upward trend again it has to break that resistance level . According to me a breakout coming very soon.
Because,
BTC is forming a bullish swing rejection on the RSI indicator which can be clearly seen on the RSI indicator chart, bullish swing rejection as name suggest is bullish pattern. RSI has formed the breakout level of the swing rejection and once the breakout level is breached BTC chart will also break the resistance and move further. For higher highs.
You all can also follow me on the Twitter..!!
Show your Support.
Thank you.