BTC IS COOLING OFF THE RSI BY PRICE CONSOLIDATION SIDEWAY MOVEMENT OR DUMP. Los Angeles 5:18 AM.
If BTC doesn't move, its going to see some dumps in order to complete the correction. We can see RSI drop as low as 30 RSI in order to cool off and open up new bids. BTC is trying to avoid dumps by moving sideways.
What to look for:
Correction is always healthy for this incredible gain.
If BTC doesn't move, its going to see some dumps in order to complete the correction. We can see RSI drop as low as 30 RSI in order to cool off and open up new bids. BTC is trying to avoid dumps by moving sideways.
What to look for:
- Enjoy the price drop and RSI dropping close to 30.
- Buy back when 20MA is closer to the price action on the 1 day time frame.
- Look for RSI to drop in 1 Day chart.
Correction is always healthy for this incredible gain.
