I want people to look clearly at this example of RSI!
Every time BTC RSI has been between 33 and 28
look at the bullish move it has made…Im very sick
and tired of seeing professional traders and chartest
totally bypass what this chart is presenting to us…
Dont we use indicators for a reason? Lets say the
TWATTER and all the influencers were not crying
FEAR to everyone?… would the sentiment be different?
I believe so…the RELATIVE STRENGTH INDEX ( RSI )
is and always will be king when assets are overbought,
or oversold… BTC has never been lower than 28
and the was back in 2015…if you look at where it
is now, it actually appears to be curling back bullish
on the weekly. The weekly shows us truths about
any asset on a chart…I believe we could dip a bit more,
$28k, then $24k, $20k and then $18k, worst $10k-$13k
but that would be worse case scenario but im in the
camp that regardless, in the next 300 days, we will get passed
all time highs again. If you see the % gains, every time
its bounced, it surpassed the previous %…Im looking
at $80k-$240k levels when this passes 365 days
if this data stands correct. The FEAR meter is low teens…
lets give a breather and know why we look at charts.