The longest RSI uptrend in history of Bitcoin, lasted from October 2011 to August of the next year. ~10 months
What we are looking at now is similar. Our daily RSI bottomed in November 2018 and price met it's bottom in December 2018 creating bearish divergence.
We have been in an RSI uptrend ever since.
We haven't surpassed the 2011 uptrend we're probably 2nd place still, but we are not far from meeting it, at which will be ~ September of this year.
If we do not touch down at the 30 on daily or lower by then we will have just seen the longest bitcoin uptrend - in the history of bitcoin.
September is only 3 months away, & we haven't even started to correct yet.
Let's see how overbought and inflated bitcoin can get!!! HISTORY IN THE MAKING!
What we are looking at now is similar. Our daily RSI bottomed in November 2018 and price met it's bottom in December 2018 creating bearish divergence.
We have been in an RSI uptrend ever since.
We haven't surpassed the 2011 uptrend we're probably 2nd place still, but we are not far from meeting it, at which will be ~ September of this year.
If we do not touch down at the 30 on daily or lower by then we will have just seen the longest bitcoin uptrend - in the history of bitcoin.
September is only 3 months away, & we haven't even started to correct yet.
Let's see how overbought and inflated bitcoin can get!!! HISTORY IN THE MAKING!
Comment:
Actually let me say that we sorta had a double bottom on the RSI there in February 2011. so that would make the current move already = or greater than that of this 2011 uptrend... the FOMO has never been so high!!!
Comment:
August 2016- July 2017, 11 months.
we are already at 8 months folks... thats only 3 months away.
we are already at 8 months folks... thats only 3 months away.
Comment:
OK I meant to say August 2016-July 2017 is the longest.
Which is 11 months.. and that is only 3 months away.
Which is 11 months.. and that is only 3 months away.