What about the weekly and monthly RSI ? On the dates you point with the arrow the RSI levels were much lower. Now, they are realy realy high.
GJMRealEstate
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@IPO19, current weekly BTC is at bottom of the range. current monthly RSI for bitcoin is at top of range. the last time bitcoin entered this top of the range on the monthly it stayed there from June 2016 to January 2018. from the larger time frames the highs and lows take much longer to play out.
who can really say what the future holds?
GJMRealEstate
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@IPO19, snapshot of bitcoin entering the top range on monthly RSI
Hardcider
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What coin do you think should have a higher market cap Dodge coin or Matic. I believe Matic has 6 billion +- supply Doge almost 130 billion that's a 21.5x difference in price.
GJMRealEstate
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@Hardcider, network effect is much bigger than doge. if matic is the new ethereum then there is a whole heck of alot of price discovery left for matic.
Sephiroth4269
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What kind of candles are those?
GJMRealEstate
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@Sephiroth4269, black line is price. candles are a custom indicator developed by cryptojonics that uses Haiken Ashi smoothed averages. I thought it added some real clarity to direction when paired with the keltner channel and a standard MA