rstryska

BTC hindsight.

BITFINEX:BTCUSD   Bitcoin

link to external chart with what im talking about since im a trading view noob
https://imgur.com/a/V1ySpd2

New trader, mostly just publishing an idea to get something out there.

Looks like in hindsight when the entire asset class is making large % moves upward for days at a time it would make sense to view the upward moves and the challenging of resistances in this under rated light, without any RSI.

Basically if I were to have looked at this simple indicator during the bull run I would have seen that the Price/Volume indicator channeled downward after the first rejection of the 99xx area. When we began to climb again toward 99xx, the Price/volume indicator stayed flat. This is a sign of losing steam, and although simple can predict the timing of retracements such as these or yield good exits.

Good luck and happy trading!!

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.