Btctrader888

An interesting observation. Daily bitcoin analytics 30.10

BITMEX:XBTUSD.P   Bitcoin
Hello! We still keep long and yesterday's idea has partly won back, but the price did not reach our take profits quite a bit. Therefore, we continue to keep long and want to add to those points another very interesting observation.

We looked at the chart, used two indicators: RSI and StochRSI. We noticed that when the indicators show a complete correlation of falling into the oversold zone, the price after a while makes a good upward movement.

In addition, we noticed accumulation that the price passes before the fall, which was in the today case. The price hit for supporting the lower boundary of the new global triangle and did not break through the support at the level of 6240-6250. The MACD indicator still shows the weakness of the seller, while small TFs are becoming more 'bullish'.

Thank you for your attention! With you there was a team of traders and analysts Lemon insiders.
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