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Adam_Polinak
Jun 14, 2022 8:08 AM

BTCUSD: Bottom is In, Hope You Bought Long

Bitcoin / United States DollarCoinbase

Description

BTC bottoms when the weekly RSI is this low. In addition, when the price reaches the 200 weekly moving average. Inexperienced traders/hodlers sold with the peak fear earlier today and experienced hodlers think it will go lower. Many people will miss the boat. It will not be a V-shaped recovery due to Fed policy but my estimate is a fairly stable recovery / uptrend over a good amount of months. Good luck.
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