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Just wrote about it as well. But be careful-RSI works best for sideways channels, but still with some weight within trending markets 😉👍🏻
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Bitcoin Daily RSI has reset to levels last seen at $60K.
The first pullback in 2021 also hit these levels on the RSI, before a 3x surge in price to $64,000.
That would take #Bitcoin +$270,000 this time.
Bull market things...
$BTC
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ENTRY OPPORTUNITIES FOR BTC AND ALTS INVESTMENTS? 💴 Will there be a continuation or will we see a reversal? The narrow Bollinger Bands and difficult trend reading patterns related to Eliott Waves a little clearer now. What is the result? The readout of the B_TC and ETH 1d chart - check out the picture - lead to my following a_ssumption: 1. We witnessed either leg A or C 2. If leg A, big boss might rally to 116-120 k!, and the support should build up at approximately 104k later on. 3. If leg C, we’ve found a support @ 96k. 4. Cross checking with further charts verified a MISSING TOP (higher high) FOR ME! 5. Huge buy positions were executed during the —5% phase by whales/institutions Intentions: Loaded some more LINK/ADA/SOL today AM, as chances are low for a huge reversal and bear. Both factors leg A or C completions (if correct), might only lead to a consolidation around current quotes or (best case) a last rally for a higher high. Therefore risk probability low to medium, with an additional buffer of 5% if you entered this morning 😉👍🏻 All expressed my own opinion and risks my money! Consider crypto volatility and regular altered to high risks! Che_ers crypto pioneers Your T4P _ No financial advice. Do your own research. #MarketCorrectionBuyOrHODL
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😂 Currently I see one of the nicest slaps in the face for a new release. Lousy 😂😂
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Regarding RSI:Be careful-RSI works best for sideways channels in other markets, but still with some weight within trending phases 😉👍🏻
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Nobody dumped? Nobody waiting to buy now or in 3 days?
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$VANA crashing 😤. What to do? Read, what proved right AND profitable for me 9 out of 10 times 💴, after new releases showed up No financial advice. DYOR #VANAOpening
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