Bitcoin Monthly | RSI and MACD (Enjoy The Altcoins While We Can)

Looking at the monthly chart for Bitcoin we can notice the lowest trading volume ever... But today we will focus on the indicators, the RSI and MACD.

Let's start with the MACD

This is the monthly timeframe so the signals here are "ultra" strong.

• We have a strong bearish cross that is almost impossible to delete in the short-term, it needs a long while to reset.
  
• We also have a red histogram.
  

The last time we saw these signals on the BTCUSD Monthly chart capitulation followed after 5 months.

Now the RSI

• On the Relative Strength Index (RSI) indicator, we have a very nasty bearish divergence short-term and even worse long-term.
  

This is shown in the above chart.

BE PREPARED!

Make sure to prepare yourself.
Enjoy the bounce to buy as many altcoins as you want.
To diversify, to plan for the bad days.

The market always gives a second opportunity... This is third (3) one if you think that we hit $64,000 in April 2021, $69,000 in November 2022 and now we are seeing a small bullish wave...

Things will become euphoric soon, don't get lost in the emotions.
Diversify, secure profits... be prepared!

Are you going to buy the drop?

Where will you place your buy orders?

I am thinking placing a few around $17,000, a few more higher and lower...

What about you, will you buy?
If yes, at what prices?

Feel free to share with us in the comments section below.

Thanks a lot for reading.

Namaste.

Comment:

Does Technical Analysis (TA) really works?

Here we have 11 Altcoins pairs that are moving according to TA...

If TA can predict the altcoins movement, can it not predict Bitcoin as well?

DGBBTC



ENSUSDT

EPSUSDT

ADABTC

ADAUSDT

ZENUSDT



VIBBTC

BTCUSD

These need more time to fully develop...
Patience is key

ETCBTC

OMGUSDT

COSBTC