Bitcoin BTC - March 16 Update - Short Lesson and Tips for Traders.
The 55 EMA is one of my favorite indicators. It shows general sentiment in the market by acting as a relevant support or resistance.
We see the 30 minute RSI bearishly diverge, creating a descending triangle. Yes, RSI can be drawn with support and resistances like triangles. This is a very advanced method of RSI analysis.
We see the 45 minute MACD about to cross over, which always tells a story.
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For future viewers: price of bitcoin at the moment of posting is 8269.90USD
For future viewers: price of bitcoin at the moment of posting is $8159.99 BTC to USD
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