Bitcoin chart. When to buy!

in #bitcoin • 8 years ago

EVERYTHING IS IN THE RED. Bitcoin is no exception. When BTC drops rapidly so does the whole market. When buying a market thats selling quick you must understand that volume precedes price action. See chart below. To buy back in we need:

*Divergence on RSI (middle row - the blue line to reverse and remain above/ontop of the red) Use the RSI for this (relative volume strength indicator)
*Volume uptrend and crossing over into the green area (bottom row)Use the onbalance Volume Oscillator indicator to show this.

Screen Shot 2018-01-17 at 12.15.20 PM.png

#crypto #cryptocurrency #chart #btc
8 years ago in #bitcoin by
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