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Possible Body of Each 2-Day Candle Rides the BB-Basis a While...

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BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Technical Indicators Beyond Technical Analysis
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As pointed out in this video; it's possible the BODIES of each 2-Day Candle rides along the Bollinger Band (BB) Basis for a while before we see a chance of any SIGNIFICANT upward pressure. Part of the reason why is we really need to see the Red RSI in the Weekly TF "CLOSE" at or above 56 percent. Well, the Red RSI in the Weekly TF is still quite a ways yet from the 56 percent level. So, our price action may be rather boring for a while with little volatility.
Comentarios:
Have a look at the Red RSI in the Weekly Time Frame:

snapshot
Comentarios:
A look at the 9-Day Time Frame:

snapshot

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