Some observations of BTC this morning. I firmly believe that volume indicators are the best test of the state of the market and what direction things are going. Volume this morning is not great although the RSI is showing a strong move but those indicators moving opposite of each other does not signal a shift in sentiment or the likelihood of a strong move soon. Also one of my favourite indicators the 10/20 cross is closing in on a crossover which will be a bullish sign.
Summary is more of the same and wait for a strong signal entry from 10/20, volume and the RSI staying above 65, patience is the word of the day.......again.
Summary is more of the same and wait for a strong signal entry from 10/20, volume and the RSI staying above 65, patience is the word of the day.......again.