miladchikol

BTC Outlook

Long
miladchikol Updated   
INDEX:BTCUSD   Bitcoin
According to RAR chart, we can understand that whenever it reached the green zone at 90 or upper, it means the price is good to sell. And whenever the price reached the red zone at 10 or lower, it means the price is good to buy. Here we compare the current stance with 2 previous moves (in the updates section).

As you see, the price has reached way below 10 in the red zone; then, we can buy here. Comparing with 2 previous moves, the price of the red will not go lower according to this indicator.
Comment:

We can see similar happenings in 2015 and 2016 when the price did not go lower, despite the red zone intensified.
Comment:

Followingly, the price went higher in 2019 when RAR was still in red.

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