Bitcoin RSI says "long term bear market" Short

Bitcoin / DollarBitfinex

Description

⋅ Aug 8, 2018 9:48 PM

During a bullmarket, weekly RSI was over 50.
During bearmarket it was below 50. And it is below 50 right now.
It is as simple as that !
Dont buy Bitcoin as long as RSI is below 50.

Comments

SebastianofMoon

⋅ Aug 10, 2018 7:38 AM

Excellent observation! Simple and elegant, it doesn't need to be more complicated than that :)

markrivest

⋅ Aug 9, 2018 3:25 AM

Bravo! You made something supposedly complex and communicated the probable course of this market with just one indicator. Well done.

Mark