#bitcoin seems to be going through a #bullish phase in the short term, with a possible 3% gain.
Let’s start immediately with image 1 containing the price chart:
Image 1 : tradingview – 2018-25-05 – btc / eur – timeframe 1h – possible bullish phase
You can see how about timeframe 1h:
- The RSI is unloaded, or suggests an increase in the short term;
- The price, after a big red candle, rebounded on the lower bollinger band, suggesting here too a price increase in the short term;
A possible short-term target could be shortly before the upper bollinger band (about 7400eur), with a gain of around 3%.
Given the main trend that seems to be bearish, it is very useful for the sector to be a tight stopper.
They stress that this is just an example of analysis, it is not an operational signal.