Higher LOW prices with Lower LOW on indicator during an uptrend is a continuation patterns.
RSI14 is already in a lower low pattern and if the price respects the last local support and creates a higher low, it is highly probable that the price moves up.
Volume is starting to indicate that it prefers to move up, which is a relatively bullish sign.
This is by no mean is meant to indicate that bitcoin has bottomed, rather, it is more of an observation in the short term.
RSI14 is already in a lower low pattern and if the price respects the last local support and creates a higher low, it is highly probable that the price moves up.
Volume is starting to indicate that it prefers to move up, which is a relatively bullish sign.
This is by no mean is meant to indicate that bitcoin has bottomed, rather, it is more of an observation in the short term.
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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.
Smart Crypto Association [ SCA ]
Related publications
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.