BTCUSD
BTCUSD
Watch out - something happening soon. Buy and sell demand on the volume is super low (blue circles). This is a 14Day chart, each candle is 2 weeks. Based on the volume, things are getting quiet and volume is dropping based on each previous candle. Anytime things get quiet something big is coming can be up or down.
As long as we hold 28500 previous low we should be fine. But if we go below, we may see 25-20K before the next relief pump.
But I can see a pump coming soon since too many people are turning bearish & opening shorts. Again pump then dump unless we moving back to 40-50K.
RSI the yellow line below is testing the 50 level line. Anything above 50 is bullish and below is bearish. If we pump here and go to an all-time high again, I think we can hit 75-85K before dump again.
Watch out - something happening soon. Buy and sell demand on the volume is super low (blue circles). This is a 14Day chart, each candle is 2 weeks. Based on the volume, things are getting quiet and volume is dropping based on each previous candle. Anytime things get quiet something big is coming can be up or down.
As long as we hold 28500 previous low we should be fine. But if we go below, we may see 25-20K before the next relief pump.
But I can see a pump coming soon since too many people are turning bearish & opening shorts. Again pump then dump unless we moving back to 40-50K.
RSI the yellow line below is testing the 50 level line. Anything above 50 is bullish and below is bearish. If we pump here and go to an all-time high again, I think we can hit 75-85K before dump again.
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.