yasoing

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Simple momentum indicator just gave a buy signal, let's go nasdaq

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The last time USDC.D broke below 50ema(white line) The chart speaks for itself..

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I'm not too faithful when it comes to BTCSHORTS ratio trendlines but as you can see on the chart the last time that trendline broke down we went from 29k to 69k Looks like we are building something similar even if it's not as extreme as summer lows but worth keeping an eye on. I would expect a massive multimonth uptrend once that trendline breaks

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Longer-term momentum indicators suggest that the movement to the upside for months is ideal now but let's see if we can get above the 200ema and hold it as support right now... I believe we'll see a nice rally in the upcoming months but it's always rational to be cautious right now might put some stop losses around 38.5 in case we get a fake dump Chart speaks...

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Just look at how low the RSI is currently.. Buying opportunity.

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Chart speaks for itself, does it matter if its 30k or 35k?

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Please take a moment to look at how low the monthly RSI is. People may look at the previous bear markets and get confused, let me tell you that a single high timeframe divergence(BTC making higher high and RSI making lower high on weekly) can change the whole bear market bottom narrative. For the reason that RSI couldn't go as high as 2017-2018 now gives us a...

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As you can see on the chart BTC keeps on forming a nice resistance trendline, I personally would buy above with stop loss of course due to this being the third time it made a fakeout move to the upside. This fake-out only makes the next fakeout possibility is less than what it was

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Demark9 indicator indicates that this should be the bottom UNLESS we are in a bear market and have one more capitulation leg to go. Then it would be the true bottom but just DCA along the way. Don't overcomplicate things ^^

yasoing Updated 

What people don't understand is that in previous cycles BTC moved away from 200ema/ma so much that there was enough room for it to drop as much as %80(approximately), now that's not the case... Measured from 69k top to 200ema, worst-case scenario %65 drop would make the bottom for bear market it also confluences with RSI levels.. Things change over time......

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Without overcomplicating things and (relying on bitcoin reversal) Take a look at the RSI yourself and ask yourself is this the correct time to buy? If you are scared then yes it is... lol

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We might see a relief rally based on wave trend indicator and supported with divergence on the chart as you can see.. Simple vision... Doesn't have to be more complicated than this.

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Different perspectives do really matter.. People should take into account that the volatility of bitcoin is diminishing over time thus making price action behave differently on the same indicator.. Have you wondered why this orange middle line of the donchain channels line is not breached yet despite dropping almost as much as previous cycles from the its...

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We may not get to new all-time highs in just a few months but it's a strong possibility for a pullback to this massive dump just don't sell at these levels.. It's a possibility game and you want to rely on high possibility now relying on the given data..

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They don't add into account that BTC is not even that eutrophic right now so calling for 30-20k is unrealistic, not to mention higher market capitilization. The chart literally speaks for itself, it's either a strong bounce or a trend reversal. Good luck.

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What people don't understand is that if we go lower without a relief rally it'll be bear market bottom and there wont be a reason for anyone to sell+ bears can't make money if we don't get a retracement. Do you guys think bears are kind enough to give us multi-year bear market bottom in 2 months? hell no.

yasoing Updated 

4 minutes ago Do people realize how low we are on the weekly and daily frame on RSI? As low as may crash levels.. I'm %90 sure that this is the bottom for the relief rally we can decide whether its bull or not later on. If it keeps going down like this it'll be the shortest bear market ever.. I doubt RSI will reach the bear market bottom without even pullbacks...

yasoing Updated 

We are hitting some bear market bottom levels on the daily RSI with higher low structure(bull) and people are freaking out/selling Face with tears of joyFace with tears of joy control your emotions lol Capitulation wick (literal bear market bottom) and covid crash EXCEPTIONS!