For successful BTC purchases, it is enough to use the RSI indicator on the daily TF. At least, this is what trader and cryptanalyst Ali Martinez (65.6 thousand subscribers in X) thinks, analyzing a new infographic from #Glassnode.
The blue vertical lines on the BTC price chart are the period when the daily RSI for BTC is below 30. Buying in this range in 2022-2023 could result in unleveraged profits of +60%, +63% and +198% from low to high .
The story, of course, is not about trading, but about investing. Or about trading with a position size such that you don’t need leverage or altcoins 😁
