The Pi Cycle Bottom indicator has historically been a close bottom signal the last 2 times it has flashed (2015 and 2018). After having the Pi Cycle indicator flash on the BTCUSD chart in July, we now have it flashing for other currencies, some late July, some even yesterday, further validating the Pi Cycle Bottom. I do believe we can head slightly lower but...
2 signals have now flashed that are considered by some, very bullish. The Pi Cycle Bottom and Hash Ribbons BUY signals have both printed. I'm still very cautious and think the price could drop lower but these signals can't be ignored!
There's really no need to over analyse BTC at the moment, the fundamentals are key! Theres not much more clearer indication of bearish divergence than the rising price and declining volume. Unless we break out with a big spike in volume I think we'll be heading lower. Trade safe friends.
Historically the RSI is a very good indicator of market bottoms for BTC. As you can see the previous two times it hit around 44.50 on the RSI that marked the bottom each time. This would indicate that we may be very close to the bottom (Next week or so). It's a well known indicator but it sometimes helps to use as a reminder. Remember nothing is guaranteed in...
NOT FINANCIAL ADVICE! After many years of Hodling XLM, I've decided to sell my position due to the fact that for around 4 years now its bled against ETH, at this point it seems more logical to either invest into ETH or to invest into other Alts that have preformed well against ETH or at least have been an oscillator. (ADA/LINK/MATIC). I've had a lot of faith in...