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Ben Walther
Bullish
--・39.6k views
Bitcoin is still trading in its sideways channel. In order to get some serious traction it needs to break above 70k. Increasingly number of altcoins are breaking out of their long term downward or sideways trend. Looks like time for altcoins is here 🚀

Bitcoin is still trading in its sideways channel. In order to get some serious traction it needs to break above 70k.

Increasingly number of altcoins are breaking out of their long term downward or sideways trend.

Looks like time for altcoins is here 🚀

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Shoot me your feedback 📢 Got many positive feedback on the RSI and EMA charts. Would love to provide some more charts. What would you be interested in? Put it in the comments 👇 I will select a few, integrate them in Crypto OS, and share them on Binance Square.
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The daily chart already produced tons of #bullish RSI signals — meaning many tokens are oversold. For example, $OMG $SYS or $LSK However, I would be cautious when entering these trades based on the overall market sentiment. Probably a better strategy to wait for the RSI to return to neutral. --- By the way, you can find all details about the signals on Crypto OS - it's free. Check my Twitter profile.
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We're getting closer to the turn-around — yet we are not there! The chart below shows the average RSI of 200 crypto tokens. The 30-level has been THE bouncing spot during the last two years. Currently, the RSI is at 33-34. Therefore, on the macro level, I expect some more weak days/weeks before we see a major bounce. #ANALYSIS #CryptoNewsCommunity
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$CHZ is another example where we can expect some more bearish potential. Had a bearish EMA crossover on the daily chart. On top of that, most indicators look bearish, too (except for some oversold momentum indicators). The backtest looks promising, too. The signal was followed by a price decline of more than 10% in 77% of all appearances (based on 13 signals). #Chiliz #TradeSignal PS: For more free signals, you can visit Crypto OS. Link in my Twitter bio.
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$CHZ is another example where we can expect some more bearish potential. Had a bearish EMA crossover on the daily chart. On top of that, most indicators look bearish, too (except for some oversold momentum indicators). The backtest looks promising, too. The signal was followed by a price decline of more than 10% in 77% of all appearances (based on 13 signals). #Chiliz #TradeSignal PS: For more free signals, you can visit Crypto OS. Link in my Twitter bio.
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