BTCUSD - RSI ANALYSIS (Monthly Chart)
We reached 63 level on RSI, which was a retrace at july 2013
Also after RSI crosses this level, test it again, it means strong S/R line,
If it goes down more, than 43 level will be easy target,
On price chart there is a gap on monthly chart between 4300 usd - 6500 usd
We already reach there, if bitcoin finishes correction between these levels, it will be more healty for next up moves
Not expecting any price down 5100
So 5100 - 6500 zone will be perfect buy for bitcoin
We reached 63 level on RSI, which was a retrace at july 2013
Also after RSI crosses this level, test it again, it means strong S/R line,
If it goes down more, than 43 level will be easy target,
On price chart there is a gap on monthly chart between 4300 usd - 6500 usd
We already reach there, if bitcoin finishes correction between these levels, it will be more healty for next up moves
Not expecting any price down 5100
So 5100 - 6500 zone will be perfect buy for bitcoin
Komentarz:
Rsi is gonna turhn from 64 level, which is same as July 2013, good to have a look at long timeframes, that gives you a big picture