It's always good to remind ourselves of the longer timeframe picture.
This monthly candle started strongly green, so the monthly stoch RSI is already moving up.
This here is the monthly view of my other idea with the longening of the BTC cycles:
I am still not sure if we'll continue to see 4 yeahr ATH cycles, or if they will get longer.
I am still a bit more inclined to the idea that the cycles get longer, but we shall see in around 1 year which path BTC wants to take.
So, the idea is that in every bullmarket, the monthly stoch RSI remained on overbought for the whole time.
It already wants to go up, which historically was always the indication for bullmarket.
Then it stayed on overbought for around 2 years. I think this time might be similar.
We shall therefore get confirmation in the coming months.
This monthly candle started strongly green, so the monthly stoch RSI is already moving up.
This here is the monthly view of my other idea with the longening of the BTC cycles:
I am still not sure if we'll continue to see 4 yeahr ATH cycles, or if they will get longer.
I am still a bit more inclined to the idea that the cycles get longer, but we shall see in around 1 year which path BTC wants to take.
So, the idea is that in every bullmarket, the monthly stoch RSI remained on overbought for the whole time.
It already wants to go up, which historically was always the indication for bullmarket.
Then it stayed on overbought for around 2 years. I think this time might be similar.
We shall therefore get confirmation in the coming months.