How low the bear has to smash down BTC to reach RSI under 50?
By April ? if the sell signal must turn on then under 30000
I can't imagine that.
No theories here I just wanna experiment if proportion and scale work in Crypto market. :)
(based on architectural & design experience :)
Feel free to feed back/ comment/ sharing ur ideas
.
Also, I'm not going to update/analysis much here
as ALT COINS i want l to buy I already analyzed them.
.
Good luck. trade safe, Always place the stop loss/Money MM
.
Mil
I can't imagine that.
No theories here I just wanna experiment if proportion and scale work in Crypto market. :)
(based on architectural & design experience :)
Feel free to feed back/ comment/ sharing ur ideas
.
Also, I'm not going to update/analysis much here
as ALT COINS i want l to buy I already analyzed them.
.
Good luck. trade safe, Always place the stop loss/Money MM
.
Mil
Comment:
If fall off this current support 42600, An only next support I see in month TF is 29000
Comment:
Good news
: Fear and greed index = 10
: Stoch. crossed up (but can cross down again as quick as it wants :P )
: RSI went down oversold (Can go back there again as soon as it wants)
: MACD 4HR TF it's getting better burt not yet having any reversal sign on TF day .
.
Bad news
: it fell off 41967 on Day TF candlestick. next support 39642 ..(if fell off then usually must go down there to test) .and if we break that support then that we already in down trend (for this waves set bull run)
: Fear and greed index = 10
: Stoch. crossed up (but can cross down again as quick as it wants :P )
: RSI went down oversold (Can go back there again as soon as it wants)
: MACD 4HR TF it's getting better burt not yet having any reversal sign on TF day .
.
Bad news
: it fell off 41967 on Day TF candlestick. next support 39642 ..(if fell off then usually must go down there to test) .and if we break that support then that we already in down trend (for this waves set bull run)
Comment:
See bigger chart the link to idea below
So the cycle happens every 4 years