RSI and Candle-closes for BITFINEX:BTCUSD by PierG

RSI and Candle-closes

Check out my linked Idea, this is kind of part 2.
I am expecting a huge volume spike do come soon and signal another leg up or down,
but since the rsi is drifting away from what the Candles are doing it tells me that our move is getting weaker.
On my last idea I mentioned how over time a decreasing RSI but increasing Price usually signals a downswing.

Note

What I want to add, dont be too bearish, consider that our pattern last time formed on a new swing high.
This time we are not on a new swing high yet, so there might be some hidden steam,
i am definately considering an entry up here, but only a small one if i get the chance to get a limit buy fill

PierG

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