Bitcoin Liquid IndexUpdated BTC - 11 October 2019 - Weekly RSI is Warning
You can see the weekly RSI above the chart.
In a bull season 40-50 Level RSI is support and below is not generally considered bull.
In all the bull seasons of bitcoin, it nearly NEVER dropped below 50 other than a short time in June 2013 bull season. It bounced back in a week!
Here we are in the range 40-50 waiting to see what will happen next.
We might find support and turn back, if not, and if we fall below 40 RSI, no bull season for a while
In a bull season 40-50 Level RSI is support and below is not generally considered bull.
In all the bull seasons of bitcoin, it nearly NEVER dropped below 50 other than a short time in June 2013 bull season. It bounced back in a week!
Here we are in the range 40-50 waiting to see what will happen next.
We might find support and turn back, if not, and if we fall below 40 RSI, no bull season for a while
Note
Monthly Stochastic RSI is not looking really goodNote
3rd week below 50 RSI
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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.