BTC is showing weakness in trading volume and its sign that something big is brewing. Sharp drop in June-July BTC had created bullish divergence (lower low in Price action and higher High in RSI) and we see pump to 87,000$. Now we can see complete opposite (BTC price is creating higher High and RSI is creating Lower High), it's high chance for BTC to revisit 200EMA or lower price.
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.
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.