To those of you who know your RSI, we've just stumbled upon a massive buy signal. And to those of you who don't know your RSI like a guru, I advise you to watch the RSI trilogy.
Basically, a clear close on the lower bullish red RSI line from above indicates a buy signal. That's precisely what we've gotten on the 2-day chart in Bitcoin (and if you cannot access the 2-day chart already you may want to consider upgrading your subscription on TradingView).
Historically, this line has performed incredibly well (see below). On the flipside, however, these signals have an average winrate of ~30%. To compensate for the winrate, the risk to reward offered is immense as you will see in the examples below.
This trade is stopped out if either the 2-day RSI closes at <39,60 or if the price reaches $37 364. The latter is a wick stoploss to guard us from sudden price plunges.
The trade is a mid to long term prospect. This could very well be the signal that propels us well into the six figures, once and for all.
Equally so, the good thing here, given the limited downside, is that one can apply a rather hefty leverage (of course given that the price doesn't take off too much in the meantime).
Basically, a clear close on the lower bullish red RSI line from above indicates a buy signal. That's precisely what we've gotten on the 2-day chart in Bitcoin (and if you cannot access the 2-day chart already you may want to consider upgrading your subscription on TradingView).
Historically, this line has performed incredibly well (see below). On the flipside, however, these signals have an average winrate of ~30%. To compensate for the winrate, the risk to reward offered is immense as you will see in the examples below.
This trade is stopped out if either the 2-day RSI closes at <39,60 or if the price reaches $37 364. The latter is a wick stoploss to guard us from sudden price plunges.
The trade is a mid to long term prospect. This could very well be the signal that propels us well into the six figures, once and for all.
Equally so, the good thing here, given the limited downside, is that one can apply a rather hefty leverage (of course given that the price doesn't take off too much in the meantime).