CHART clearly shows the relationship between RSI and BTC price. SO , I think we may short it now and close short & open long when RSI retest bottom again.
Please take a look at our idea and let us know what you think!
Dr-White-Btc
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real cool chart, bro
Cryptoer_Lion
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TOTALLY WRONG !!!!!!!
SEQLAR
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For long term holders anytime it's under RSI 40 is a good time to start your accumulation and we have been under 40 since December... If you buy believing BTC is going to 100k one day just start buying now...
Fully agree. I think we've got one more shakeout to get before we're going sideways. The market still didn't break any major downtrend, so I don't see the reason to be overly bullish.
kekekoolen
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Ask yourself this: "If BTC (or any other asset) always bottomed out the same, trading would be real easy, now would it"
I'll give you a tip, take a look at wyckoff method >> accumulation and distribution schematics (accumulation schematic no. 2 in this case). Compare that to BTC chart. It starts right after the price drop in November
Cryptoer_Lion
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@kekekoolen, thanks for your tip , can u drop a sketch chart of wyckoff of btcusd ?