BitcoinLong
BTC LOG support levels - trend analysis
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RSI oversold and MACD priming a move upward crossing over the EMA.
Logarithmic support level at around $7000 could be a spring to launch price to break resistance level of $9200 (26.3% fib resistance line)
If BTC closes below log support level, next support would be between $2500 -$3000
BTCUSD
Logarithmic support level at around $7000 could be a spring to launch price to break resistance level of $9200 (26.3% fib resistance line)
If BTC closes below log support level, next support would be between $2500 -$3000
BTCUSDNota
The last two times RSI touched 30, there was a strong bounce of more than 30%, both situations occurred after a short downtrend.
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