empty
 
 
26.01.2023 04:13 PM
Bitcoin bulls should be cautious.

This image is no longer relevant

Red lines- bearish RSI divergence

Yellow rectangle- overbought levels

Bitcoin remains in a short-term bullish trend but traders need to be very cautious. The price continues for a second higher high but the RSI did not follow and instead provided a second lower high. Although technically the trend remains bullish, the RSI warns us that it is weakening. Short-term support is at yesterday's low at $22,328. A pull back is justified from current levels. Bulls should be patient for a pull back if they want to open new long positions.

EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade
赚取InstaForex的加密货币利率变化
下载MetaTrader 4并开始您的第一笔交易
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

ETH/USD: bullish bias intact above 1,706

ETH/USD moves somehow sideways in the short term and it seems undecided. It's trading at 1,754 at the time of writing. After its strong growth, a short-term retreat was natural

Ralph Shedler 14:28 2023-03-23 UTC+2

Bitcoin maintains stability after the Fed meeting: what indicates the likelihood of a correction?

The Fed meeting on March 22 was called a key event that will show how the situation in the global economy will change in the coming months. Analysts also called

Artem Petrenko 12:25 2023-03-23 UTC+2

Technical Analysis of ETH/USD for March 23, 2023

Crypto Industry News: The introduction of the central bank digital currency (CBDC) by the US authorities raises many controversies and fears among citizens, but also politicians. Many people openly oppose

Sebastian Seliga 08:51 2023-03-23 UTC+2

Technical Analysis of BTC/USD for March 23, 2023

Crypto Industry News: The White House released its economic report. In it, he referred to the topic of cryptocurrencies, but covers various topics, including the war in Ukraine, the coronavirus

Sebastian Seliga 08:51 2023-03-23 UTC+2

Elliott wave analysis of Litecoin for March 23, 2023

Litecoin is finally challenging resistance near 87.40. A clear break above here will confirm that wave 2 completed with the test of the 61.8% corrective target at 65.29

Torben Melsted 06:58 2023-03-23 UTC+2

Ripple sell-off to be over soon

Ripple climbed as much as 0.4940 yesterday, registering a new high. Now, it has dropped and is trading at 0.4380. The altcoin increased by 32.74% from Monday's low of 0.3721

Ralph Shedler 19:37 2023-03-22 UTC+2

Bitcoin: new bullish formation

Bitcoin is bullish and seems determined to approach and reach new highs. It's trading at 28,287 at the time of writing. In the last 24 hours, BTC/USD

Ralph Shedler 14:00 2023-03-22 UTC+2

XRPUSD breaks above January highs.

XRPUSD is trading above $0.44 while yesterday it was trading as high as $0.49. Short-term trend remains bullish. Price is making higher highs and higher lows. Momentum is bullish

Alexandros Yfantis 13:55 2023-03-22 UTC+2

Bitcoin consolidates around $28k ahead of Fed meeting: what to expect next?

As expected, the cryptocurrency market slowed its trading activity and began to consolidate near the $28k level. Bitcoin's trading activity also continues to decline, which is typical for intermediate periods

Artem Petrenko 12:15 2023-03-22 UTC+2

BTC update for March 22,.2023 - Tight range and potential for the breakout

Technical analysis: BTC/USD has been trading sideways at the price of $28.460 and I see potential for the breakout mode. Due to the strong upside trend in the background

Petar Jacimovic 09:17 2023-03-22 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.