BTC 1w RSI<30 is long overdue
Taking a look at BTC on 1w basics indicates that, despite the superincrease in OBV, an RSI<30 is long overdue.
So based on this I think if OBV cannot double (feels impossible) than further downside is coming, and even if it doubles than later it cannot quadruple after.
My previous analysis (12.5k for 25th of Dec) feels invalid looking at the big picture, so please ignore that, but anyhow this is NOT a trading advise, I am not a pro, just a biased idea. Always calculate risk, avoid FOMO and have fun, and happy holidays!
So based on this I think if OBV cannot double (feels impossible) than further downside is coming, and even if it doubles than later it cannot quadruple after.
My previous analysis (12.5k for 25th of Dec) feels invalid looking at the big picture, so please ignore that, but anyhow this is NOT a trading advise, I am not a pro, just a biased idea. Always calculate risk, avoid FOMO and have fun, and happy holidays!
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.