I figured we were headed down after hitting this RSI trendline a few days ago, but I really thought we would find support on the bottom of the red wedge and then head higher. Either BTC failed to find support and is now resuming the selloff or the bottom of the green colored wedge (the true wedge of the many wedges we've drawn seen?) will provide another opportunity for support. If prices keep going down, will volatility pick up again like we saw previously? Who are the sellers now? Just day traders?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.