Thoughts on BTC.D - Altseason coming?
Historically the DSO & RSI combo is a great tool for spotting potential trend reversals.
I find it to be most accurate on the $BTC.D chart when looking at the 3D.
I find that:
- When ever the RSI and DSO meet above 80 % the trend seems to turn to the downside.
- When ever the RSI and DSO meet below 20 % the trend seems to turn to the upside.
Current situation:
DSO is right now at 99 % and the RSI just crossed the 90 % level.
I would not be shocked to see BTC.D go to 49-49.5 %, but then we could see a shift in the trend as explained above.
Let Me hear your thoughts, please :)
I find it to be most accurate on the $BTC.D chart when looking at the 3D.
I find that:
- When ever the RSI and DSO meet above 80 % the trend seems to turn to the downside.
- When ever the RSI and DSO meet below 20 % the trend seems to turn to the upside.
Current situation:
DSO is right now at 99 % and the RSI just crossed the 90 % level.
I would not be shocked to see BTC.D go to 49-49.5 %, but then we could see a shift in the trend as explained above.
Let Me hear your thoughts, please :)