Historically, the mid-cycle peak in 
BTC coincides with the RSI approaching the overbought zone.
Although at the beginning of the year, we rose quite high in the #RSI indicator, there was no overbought.
Also, on the trend line rsi, it is quite clear how the bearish trend changes to the bullish one, on the range of the cycle 📈📉
Key levels have been added to the price chart for comparison in the 2016 cycle.
BTC coincides with the RSI approaching the overbought zone. Although at the beginning of the year, we rose quite high in the #RSI indicator, there was no overbought.
Also, on the trend line rsi, it is quite clear how the bearish trend changes to the bullish one, on the range of the cycle 📈📉
Key levels have been added to the price chart for comparison in the 2016 cycle.
Note
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🤵For more info contact — t.me/VolodymyrFeels
🔗 Links — feelsstrategy.com/links
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰Free Channel — t.me/FeelsStrategy
🤵For more info contact — t.me/VolodymyrFeels
🔗 Links — feelsstrategy.com/links
🤵For more info contact — t.me/VolodymyrFeels
🔗 Links — feelsstrategy.com/links
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.