The market cycle indicated in the RSI shows a retest of major cycle support. The one time this happened in the past it was the leading indicator to the "Hope" rally right before an accelerated bull trend. Nearly identical market cycle structure highlighted in this chart can be seen in the RSI of the Total crypto market cap 1W chart. As well as with the BTC market cap chart. Three major macro charts indicating the next 1-2 years could be significantly more fun than the last year and a half.
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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.