It's the first time I see Bitcoin going sideways at RSI 30. Donno what that means though, just trying to sound smart. #knowmyTA
That is one of the problems with technical analysis.
The price can shoot beyond expectations and for no real reason, except that people expect the opposite.
In other words, our current BTC price battle continues with decently sized ongoing trade volume.
Does anyone conclude that there is NOT a current BTC price battle with decently sized BTC trade volume?
There is also a kind of school of thought (whether it is a JJG made up school of thought or otherwise) that suggests that whenever we are in a certain price battle range, there odds of a break out in either direction approaches 50/50, yet there is a certain amount of devil in the details of determining what is the current relevant range and what kinds of price movements would rise to the level of a meaningful "break out."
I would say that there are decent odds, currently in favor of the bears, but even having said that, such concession of bear favorability does not make a downward break out, in the short term, inevitable, which brings us back to odds approaching 50/50, until "it" happens.
