🔥 Bitcoin's Monthly RSI Suggests Bottom Is In
Over the last couple of weeks I've made several bullish longer term analyses on Bitcoin. So far, so good!
In this analysis I want to shed some light on BTC's monthly chart, combined with the RSI.
As seen on the bottom of the chart, the RSI follows a clear pattern of ups and downs. With the RSI showing signs of a strong recovery, I'm willing to bet that the December candle was the low of the current bear market.
Yes, the month isn't over and the monthly candle hasn't closed yet. However, I strongly doubt that we're going to go below $15,5k in the next couple of weeks..
Do you think the bottom is in? Share your thoughts🙏
In this analysis I want to shed some light on BTC's monthly chart, combined with the RSI.
As seen on the bottom of the chart, the RSI follows a clear pattern of ups and downs. With the RSI showing signs of a strong recovery, I'm willing to bet that the December candle was the low of the current bear market.
Yes, the month isn't over and the monthly candle hasn't closed yet. However, I strongly doubt that we're going to go below $15,5k in the next couple of weeks..
Do you think the bottom is in? Share your thoughts🙏
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.