Hello everyone :)
Today i'll show you what i think thebitcoin's RSI tells us about the upcoming month in BTCUSD compared to the last multi-year bull cycle in 2017.
2017 bull cycle
1) 53.5 is a very strong weekly support line, we can see that it never got below this level during the whole cycle in 2017, everytime bitcoin's RSI hit that support line, it suggested...
wait for confimation in few hours from now, if BTC weekly candle ends between 6320$-6400$ it will form A Morning doji star,
which will push us to 8,221$ in 3 candles ( 3 weeks).
i'll keep you updated. cheers :)
Happy weekend HODLer's.
this is the history of BTC market since 2010.
as you'll follow the log line (green), you'll find that we're moving among it since day 1.
if bitcoin will keep moving this line, we'll find 1 BTC At 1M$ somewhere between 2024 to 2026
1) Logarithmic (Non linear) Regression:
R² = 0.9886
y= 2.9065Lx(x) 19.493
each year end is marked...
Pennant ways -
After a beautiful pennant breaking few days ago ZCL performed a huge run - which is'nt over yet.
i found similarities to the huge bullish run we had from 23.12 to 13.1, which had a mini pennant.
we might hit 0.015 sat one to two more times before a break.
A break will us to 0.026 or more.
Trade carefully, this was not a financial advice.