BTC - Low Volumes and Declining RSI
The last time volumes were this low preceded the lowest price of 2021. RSI is declining as well.
Traders are not likely to see this as an environment capable of breaking 50k, leading to profit taking, and rendering consolidation inevitable.
**This is my Third chart-- not financial advice**
Traders are not likely to see this as an environment capable of breaking 50k, leading to profit taking, and rendering consolidation inevitable.
**This is my Third chart-- not financial advice**
Note
RSI declining even faster in the four hour candle.
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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.
Disclaimer
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.