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readyplayer9
Jul 1, 2021 7:36 PM

$BTC Dive Signal or Mere Coincidence? 1D Line Chart Short

Bitcoin / US DollarBinance

Description

I've notice many of BTC's biggest sell offs follow a test of RSI resistance. I've spotlighted the pattern in purple dots on the 1D line chart. Let's see what happens here.
Comments
NoOneWhoIsSomeone
We are definitely head down short term but I wouldn't ignore the possibility of a squeeze-out on the RSI after the next dump or two. Buyers have to be liquidated to an extreme level to break that trend and set us up for one last rise before heading to the bottom.
error8
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