BTC - observation on the monthly chart
Updated
Past performance is not indicative of future results. Still, a little observation on the monthly chart:
Every time the RSI moved towards 70 coming from an RSI low, a correction of at least 2 months and at least 30% in price followed and that's pretty much where we currently are.
Every time the RSI moved towards 70 coming from an RSI low, a correction of at least 2 months and at least 30% in price followed and that's pretty much where we currently are.
Note
Not to ignore though, each time in the last week before the start of the correction there was a significant upwards move in price.Note
Some levels:Note
Alright then, certainly got the pump! The monthly candle definitely looks a lot stronger than the the monthly candle of the past instances I mentioned, so...If and when the ATH gets taken out, I've got a bit of a cluster at ~74-78k and a nice cluster a bit above 100k.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.