Based on the all history of #bitcoin cycles, every time RSI went above 70 on the monthly timeframe, it stayed above for a good amount of time.
In 2012-2013 bull run, bitcoin spent 365 days above RSI 70, went below and the bear market started.
In 2016-2018 bull run, it stayed there for 457 days. In the last cycle, bitcoin spent just 212 days above 70.
Based on...
“Nature is pleased with simplicity. And nature is no dummy”
― Isaac Newton
INDEX:BTCUSD Bitcoin has 3 crossovers on monthly timeframe where the 9 EMA dropped below the 20 EMA and in each case it was a signal that the bottom was near. And 3 other crossovers where the 9 EMA goes back above the 20 EMA and in each case it was a signal that the bull market has...
