Cordali

Bitcoin 3 Hour Section with the Inclusion of the RSI Finally

BINANCE:BTCUSDT   Bitcoin / TetherUS
So in short, price has hit a barrier on the RSI portion of the trend. Originally, as seen on the bottom of the chart, price has been steadily dropping due to a long downtrend. I am not sure how heavy the drop will be but I will say that the RSI is correct due to price leaving the Bollinger bands too. For those who do not know, the Bollinger bands are essentially the path price follows. Usually when price leaves the bands and breaks free, two things can happen which is price can going to skyrocket or immediately plummet back down so it can reenter and join the wavey patterned flow. Presently, it has shot back down into the bands but it did not travel to far due to the recent high volume candle. Also, on the 4 hour variant, there is still a high volume buyer candle in play so, let's see how this plays out.
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