Let's have a look at the indicators for Bitcoin (BTCUSD) Weekly (W).
Here we have the RSI and STOCH on the same chart:
- The STOCH is showing lower highs and trending down. - The RSI looks strong but is facing resistance right now after a lower high. - Both indicators are showing good potential for going lower.
The MACD is also starting to show a curve:
With really low trading volume, the next move is going to be SUPER STRONG.