You can see that VERY low volume area. Usually you will see the price attempt to fill this void before dropping down another level. Its a bit more challenging with BTC to pinpoint the upthrust area however there are a few signs that a large move is imminent.
1- RSI is above the 70-75 level (using the 15 minute)
2- Momentum is already to the downside. You can see a very aggressive drop that occurred yesterday.
3-no stopping volume
On the larger time frame you can notice that price has been in a range. But even within the range there are large moves that one could potentially capitalize on.
1- RSI is above the 70-75 level (using the 15 minute)
2- Momentum is already to the downside. You can see a very aggressive drop that occurred yesterday.
3-no stopping volume
On the larger time frame you can notice that price has been in a range. But even within the range there are large moves that one could potentially capitalize on.