[Daily Chart in XBTUSD] The pair has moved below 30 for the first time since leaving RSI 30 around October 6. It is expected to rebound after a few days.
[BTCUSD Weekly Chart] Around 10 December 2018, the RSI is out of 30 and is now near 40. Once again, we need to drop the RSI below 30, reset it, and check if we want to go up.
[Monthly Chart of BTCUSD] By April 2019, RSI rose above 50 and is now near 50.
There is a good chance of a rebound in the short term, and a further decline in the medium and long term.
The 1000MA in the daily chart, the 50MA in the weekly chart, the 20MA point in the monthly chart, and the 6388.21 ~ 6543 intervals are very important and are considered to be the bifurcation points of rising and falling.
If you look closely at the current, it is expected that you will encounter a new wave.
I think it is good to check the flow of beats around November 25, that is, until November 26.
I think it's dangerous to cope with the current position.
@alimannn, Thank you for writing.
I think there is no right or wrong. I think that thinking can be isolated if you emphasize the right and wrong with the analysis.
The analysis for trading is to make a profit by trading accordingly.
Thank you for the good comments.
@keifer, Thank you for writing.
Yes. Know.
However, I think that movement can come out as an indicator that people refer to a lot.
There are differences in interpretation and the disadvantage is that the flow is slower than the price, but I think it helps.
I had predicted the sinking well before.
The following diagrams show what I said.