My most conservative logarithmic regression, representing the logarithmic "support" of BTC price, based on the Swiss Rex Model (twitter, @SwissRexAG). Still a better long-term investment than stonks and bonds!
Diagonal yellow lines correspond with constant levels of the Reserve Risk indicator on glassnode.com. Notably, the level that aligns some key moments in Bitcoin's price history also crosses the ATH of about 19.6k on December 31, 2020.
MFI and RSI divergence is a strong indication of a trend reversal. Here, the MFI and RSI divergence is represented as a simple subtraction of MFI from RSI (or vice versa). The weekly chart clearly shows a huge divergence, which suggests there is strong demand that is buying the dip. Green arrows indicate those times when the divergence was indicating a buy or a sell.
This shows buy and sell signals using RSI and MFI/RSI divergence, represented by the difference between MFI and RSI. MFI look-back period is 36 weeks, RSI look-back is standard 14 weeks. MFI look-back period may need to be optimized, but this first result was pretty good so I'm showing it here. Signals from MFI-RSI are confirmed by signal from RSI, represented by...