Sharing my cheatcode to time markets cycle : BTC has always underperformed the inflation since 2017
We've seen a monthly close above it's main resistance + adoption is growing exponentially, this cycle should send BTC to ~240k
Yesterday (17/04) the RSI timed a cycle top BUUUUUUT got canceled this morning
If the RSI top signal come back and close =! 100 this month we should be fucked for 2024 even tho macro looks good for BTC
Send it
We've seen a monthly close above it's main resistance + adoption is growing exponentially, this cycle should send BTC to ~240k
Yesterday (17/04) the RSI timed a cycle top BUUUUUUT got canceled this morning
If the RSI top signal come back and close =! 100 this month we should be fucked for 2024 even tho macro looks good for BTC
Send it
Note
Bad news, monthly close with RSI != 100, bearishHoping that it does like in january 2023 and it's just a partial signal
Still feeling bull
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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.