RSI buy signals. Is the correction over?
Here's something I found interesting. BTCUSD pair on Bitfinex. On the weekly chart, there are two buy signals. The first, signaled the end of the '14 correction, with sideways fuc*ery to come. The second buy signal has come in December of '17. Does this mean the correction is over?
Probably not.
On the first buy signal, you can see big volume in relationship to the rest of the chart. With the second buy signal, there is some volume, but not necessarily big enough to insinuate the end of this correction.
I still believe the correction is far from over, although I would be happy to be proved wrong. Check out my other posts for the Bearish and Bullish TA.
Thanks for reading
Probably not.
On the first buy signal, you can see big volume in relationship to the rest of the chart. With the second buy signal, there is some volume, but not necessarily big enough to insinuate the end of this correction.
I still believe the correction is far from over, although I would be happy to be proved wrong. Check out my other posts for the Bearish and Bullish TA.
Thanks for reading
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