Weekly RSI is approaching 30 again. Historically, this has signaled the cycle bottom. Whether you consider this a 4-year-cycle bottom, or a local bottom within a mega cycle, it doesn't really matter. All that matters is that a bullish reversal is just around the corner, and we likely won't see another buying opportunity like this for a few years.
Could price dip again to
25K or $20k? Sure, and I'll buy there too. Either way, we're a hell of a lot closer to the bottom than the top, and that's what this game is all about.
I'm stacking all my alt positions and reducing my BTC allocation in favor of alts.
Could price dip again to
25K or $20k? Sure, and I'll buy there too. Either way, we're a hell of a lot closer to the bottom than the top, and that's what this game is all about. I'm stacking all my alt positions and reducing my BTC allocation in favor of alts.
Note
Here it is... Note
Buying near the bottom is always great, but it's important to have realistic expectations. Returns are predictably lower with each cycle: 
Note
Confluent signals
Note
there ya go
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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.