#Bitcoin Stoch RSI indicates $BTC has entered Mark up phase. | Trader Tardigrade on Binance Square

Trending Articles

Bookmarked and Liked

Trader Tardigrade

--

#Bitcoin Stoch RSI indicates $BTC has entered Mark up phase. It still has lots of room for uptrend.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

87,760

-2.41%

1.1k

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

Trader Tardigrade

@Trader_Tardigrade

Explore More From Creator

Combination of multiple indicators successfully caught the #Bitcoin's bottoms. Stochastic indicator %K falling below 20 signals the possibility of a bottom. At the same time, it forms a support trendline along the lows of %K. It caught the bottoms in 2015 and 2019 and fell below 20 again in Nov 2022. RSI MA falling onto near 50 (mid channel) signals another possibility of a bottom. It also forms a support trendline along the lows. It caught the bottoms in 2015 and 2019 and fell on 50 again in Nov 2022. OBV smoothing line has behaved a bit late in bottom signaling, but it can confirm the true bottoms coming. It also forms a support trendline along the lows. It confirmed the bottoms in 2016 and 2019. It now confirm the true bottoms has come in May 2023. https://x.com/TATrader_Alan/status/1713466199047328052?s=20

--

#Bitcoin formed Pre-halving Bull Runs from the bottoms to the halving days. In the first halving in 2012, it formed a 54° angle from the bottom. In the second halving in 2016, it formed a 49° angle from the bottom. In the third halving in 2020, it formed a 38° angle from the bottom. If we apply those angles to the forth halving happening in April 2024, we will see #Bitcoin at $186k in the best case with a 54° bull run, $128k with a 49° bull run and $65k in the worst case with a 38° bull run. Do you think $BTC can reach better than the best case (>$186k), at the best case ($186k), between the best and worst case ($65k-$186k), at the worst case ($65k) or worsen than the worst case (<$65k)?

--

The same configuration of #Bitcoin has repeated itself. In the green channel, $BTC hit multiple points to the upper and lower lines. After a period of cool down in the orange arrows, it will send to the next level.

--

What if #Bitcoin plays this out? Will you be shaken out or catching the best buying point?

--

This is how Parabolic Rallies of #Bitcoin brew itself. Most of the time when #Bitcoin moves in Parabolic way, it first drops down below a support trendline. In other words, this breakdown signals a high possibility of parabolic moves afterwards.

--

Latest News

Hong Kong Advances AI and Virtual Asset Regulations

--

Bitcoin News: Bitcoin Dips as Fed’s Powell Signals No ‘Hurry to Lower Rates’

--

VanEck: Bitcoin to Hit ‘Repeated All-Time Highs’ Over the Next Two Quarters

--

Goldman Sachs Anticipates Bank of Canada to Slash Rates by 50 Basis Points in December

--

BNB Drops Below 610 USDT with a 3.07% Decrease in 24 Hours

--

Cookie Preferences

ba-one-trust-cookie