mortonpeak

Long Term RSI for BTC is... same volatility, accelerated value

COINBASE:BTCUSD   Bitcoin / Dollar
YOY, bitcoin             preserves the same monthly RSI . Overselling, overbuying all looks the same. Same darn pattern. But the last months exhibit such dramatic price rises, you have to think that the core BTC             buyer is committed to BTC             . Why? They perceive the same structural weakness across economies, worldwide, and that BTC             is an agreed store of value. My chart omits total volume , only price momentum as RSI . So what does that say about the BTC             fundamentals? It suggests that similar, periodic price momentum exists indepent of value. Thus, a radical increase in price has the same price momentum as prior, more conservative price regimes. BTC             is perceived among its core buyers as a safe reserve of value, and they will continue to buy it. Whose dollar matters the most in the BTC             market? The core investor, who are exponentially richer now, than then. They will drive the market for the coin long and short term.
Comment: takeaway: long term bullish BTC
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out