Sometimes you need to step back and take a look at the bigger picture, but this is a BTC chart not enough traders take a moment to view. The USD value is inverted, so bullish movement takes BTC "down", whereas a bearish fall takes BTC "up", and is helpful for removing your bias (and we all have one to one degree or another). Take a fresh look at this chart and consider which direction your gut says it is moving next.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Save crucial space on your Trading View chart by utilising the free RSI and StochRSI indicator which overlays both in a clear and concise fashion.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Save crucial space on your Trading View chart by utilising the free RSI and StochRSI indicator which overlays both in a clear and concise fashion.
Comment:
RSI and Stochastic RSI belong together...
