I wanted to clearly display the data of the past and present bear markets and past bull runs and let the viewer draw their own conclusions and I was also tired of seeing so many ridiculous "hope charts" that are basically the current chart with an arrow pointing up at the end.
A few other thoughts: Your hope will NOT make Bitcoin's price increase. Any news will NOT make Bitcoin's price increase. Fundamentals will NOT make Bitcoin's price increase.
If you see any mistakes or anything interesting you wish to discuss, fire away.
@LarryisBROKE, love your comments. Keep them coming XD
sleguizamon92
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@StrivingYogi Thank you for taking the time to post this. What is your conclusion?
fifty2kph
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@sleguizamon92, I'm just posting to share data in a clear way. The conclusion is yours to make :)
pedro17
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so what your showing is every time the RSI drops below 30 a rally occurs?
fifty2kph
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@pedro17, what THE CHART is showing is that during the last two bottoms, the RSI was close to or touching the oversold line of 30. The conclusion is yours to make ;)
dxdge84
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@StrivingYogi, When it breaks the 30 RSI it isn't a rally it's the capitulation and start of a Bull run
fifty2kph
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@edgetiq, it could be a weaker capitulation than last time; no two bear markets are 100% the same.