In the 2D timeframe for BTC, the RSI has similarly coalesced into two distinct moving average constructs following a pronounced bearish trend, which in turn has resulted in an expansion of these moving averages. At present, a convergence of three lines is evident, with the EMA9 notably intersecting upward through the WMA45, thereby suggesting that BTC is poised to commence an upward trajectory. Accordingly, it is judicious to initiate a long position at this current juncture, with the take-profit level anticipated to be around the 100k region.
http://dlvr.it/TJlfgX
