What can I say.. I love the idea of lengthening cycles. Every time we had weekly divergence on THE RSI we pumped hard. Also we are at a crucial support on the RSI confluences with 50ema weekly Chart speaks for itself just look at it.
As you can see from the graph every time we got a weekly hidden bullish divergence we pumped hard. No reason to expect something else from TA perspective
As you can see we hit the RSI support as well as on the price chart we have a long timeframe line that worked as support and resistance multiple times. LET'S GO..
Well as you can see RSI bounces respected the trend lines that I drew, no need to overcomplicate it.. Time to go up? Time will tell..
WEll yeah gotta fill the description area looooooooooooooooooooooooooooool pls for mi familia
A big hidden bullish div is playing out right now on the weekly also not to mention that we are almost sitting at hard long term rsi support 4 red weeks in a row, even if we don't go up i expect next week to be green.
Well you can see it yourself, up only from here Everytime RSI went this low the price reversed We might see accumulation between 42-47k for a while also
Well I believe btc wont be able to go above 50 since there is no time for that and its a physiological resistance, it doesn't have to.. Altcoins stronger than ever BTC at around 150k with dominance being around 50 would be nice for mega altcoin rally
That wick would put the rsi as low as 40 area and reset the bear trend into bull market continuation imo..
Every time RSI went below 40 on a weekly chart we found the bottom and lifted off for a new cycle run... So hear me out.. Because of that consolidation at the top RSI Was going down.. ***(((What if we were in a BEAR MARKET with unique BULL TREND after the previous 40k(5 months ago) ???
Maybe the 3 month consolidation phase at the top was the start of mid term long bear trend where oscillators go down as it goes sideways and it dumped again then we spent more time down there... Every time weekly RSI went below 40 it found a bottom and made another bull run.. Am I the only one who is seeing this?
Fish jumped out of the water to catch his prey but turns out his prey can... fly?
Yeah.
Personal opinion possibly trend reversal I'm new at trading so let me know your thoughts!!!
Well yeah, It's almost been a month since I started trading so here's my analysis, what do you guys think?