grantpk
Short

RSI paints a lot of pictures

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
During the last major move down 43.27 was a point that the RSI experienced major action. It broke further down to 28.21 before spiking after breaking 43.27 again.

The green circles correlate with the green box and shows the lows and highs that dictated the resistance and support at 43.27 RSI .
The red circles correlate with the red box and shows the lows and highs that dictated the resistance and support at 28.21 RSI .

The yellow area in the RSI shows a trend line where once broken, BTC has spiked.

I believe when we break the top of that area we will see the next big move in BTC .
I also believe that previous price action at 28.21 RSI and 43.27 RSI on the weekly make wise zones for predicting the bottom of this crash.



Sep 27
Comment:

Classic Symmetrical Triangle Target aligns with low purple boundary
"I believe when we break the top of that area we will see the next big move in BTC ."

Want to reword this. When we break the top we will see the next big spike in BTC.
Reply
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