Red_X

Beware of false breakouts

Short
Red_X Updated   
BITSTAMP:BTCUSD   Bitcoin
Here is some handy work done by my RSI showing clear indications that BTC has had a few false breakouts. You can see the line of resistance on the RSI and BTC struggling to get passed it. Beware of this RSI resistance and you can time your shorts with confidence accordingly. Good luck traders.
Comment:

Yet another false breakout
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.