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MarraM
Apr 11, 2021 2:32 PM

BTC Daily - Price Up - Avg Dly Vol & RSI Down - Thoughts? Short

Bitcoin / United States DollarCoinbase

Description

Good day ladies and gents. Typically this setup would be bearish but I am curious to hear your thoughts on the BTC Daily chart. Does the simplest explanation apply here or is it much more complicated than that?

If I was to make a call without worrying about sounding like an idiot or the fear of being wrong, I’d say this next impulse rally to the 65K area will precede a more significant sell off that we have become accustomed to over the past 3-6 months.

Please share your thoughts, opinions and analysis in the comment section. I don't care about likes.
Comments
Alecto
any news?
gabeeaves
rsi is a terrible indicator for btc
MarraM
@gabeeaves Why is that and which indicator do you use instead?
Autoace1010
Good call outs. Sticking with the basics
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