I was just looking at the weekly charts for BinanceUS and KuCoin, and noticed something interesting.
Both exchanges are showing that the volume for Bitcoin within the last several weeks has been astronomical. Neither of these exchanges have ever showed volume like this in the past few years since their existence.
By looking at both the volume and the weekly RSI, this is telling you that whales are accumulating and absorbing at these levels.
Is this the bottom? Maybe, maybe not. But these indicators don't lie...
Both exchanges are showing that the volume for Bitcoin within the last several weeks has been astronomical. Neither of these exchanges have ever showed volume like this in the past few years since their existence.
By looking at both the volume and the weekly RSI, this is telling you that whales are accumulating and absorbing at these levels.
Is this the bottom? Maybe, maybe not. But these indicators don't lie...