BTC/USD - Long Term Analysis (Stoch RSI/RSI, Monthly)
Updated
Greetings all!
I also added RSI as indicator for this chart analysis on monthly basis.
If you follow these steps you will be able to make good moves in the Bitcoin market.
When the RSI touches 98.00, it's usually the best time to sell before the bull market ends
When the RSI touches 44.00, it's usually the best time to buy before the bear market ends
Examples
We are so early in this cycle!
Have a nice weekend and take care!
Best regards,
Infib
I also added RSI as indicator for this chart analysis on monthly basis.
If you follow these steps you will be able to make good moves in the Bitcoin market.
- Sell near RSI 98.00
- Buy near RSI 44.00
When the RSI touches 98.00, it's usually the best time to sell before the bull market ends
When the RSI touches 44.00, it's usually the best time to buy before the bear market ends
Examples
- If you bought when RSI touched 44.00 in 2015-01 - you would have bought at around 170 dollar
- If you sold when RSI touched 98.00 in 2017-12 - you would have bought at around 20.000 dollar
- If you bought when RSI touched 44.00 in 2019-01 - you would have bought at around 3200 dollar
- If you sold when RSI touched 98.00 in XXXX-XX - you would have sold at ?
We are so early in this cycle!
Have a nice weekend and take care!
Best regards,
Infib
Note
Here is my older version of this analysis where i talk more about the Stoch RSI:
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