Please take a moment to look at how low the monthly RSI is.
People may look at the previous bear markets and get confused, let me tell you that a single high timeframe divergence(BTC making higher high and RSI making lower high on weekly) can change the whole bear market bottom narrative.
For the reason that RSI couldn't go as high as 2017-2018 now gives us a little room to drop compared to previous bears, not to mention that BTC didn't rally as much as previous times due to diminishing volatility..
THAT is the reason why even though dropping %40 THE RSI may hit the previous bear market bottoms..
Not saying we can't drop below 40k but dropping below that should make smart investors think that the bottom is in.
Well this smart investor knows the bottom is not in right now. I've been preaching since May of 2021 when I liquidated everything into stable coins that I'd be buying BTC under 30k again and that's what I'm gonna do. You see, the 2018 dump kicked my ass so bad it forcefully taught me a lesson. So I'm sitting back watching the carnage but this time I'm enjoying the show. The macro view tells the whole story. Therefore I don't trade Fibo's, RSI's, Ichimoku's or MACD's or any fancy signal. I simply trade what I see on the chart. In May I saw the sign and in Nov it was confirmed with the double top and huge H&S. I have to admit this time is much more fun than 2018, all thanks to patience. I'll get my "liquidation" coins long before summer for sure. Watch, you'll be reading still once again all over the internet "BTC is dead".
liberator_D
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@cryptospawn, let the dreamer be the dreamer, they'll never know what hit em