BTC - observation on the monthly chart
Past performance is not indicative of future results. Still, a little observation on the monthly chart:
Every time the RSI moved towards 70 coming from an RSI low, a correction of at least 2 months and at least 30% in price followed and that's pretty much where we currently are.
Every time the RSI moved towards 70 coming from an RSI low, a correction of at least 2 months and at least 30% in price followed and that's pretty much where we currently are.
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Not to ignore though, each time in the last week before the start of the correction there was a significant upwards move in price.
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Some levels:
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Alright then, certainly got the pump! The monthly candle definitely looks a lot stronger than the the monthly candle of the past instances I mentioned, so...
If and when the ATH gets taken out, I've got a bit of a cluster at ~74-78k and a nice cluster a bit above 100k.
If and when the ATH gets taken out, I've got a bit of a cluster at ~74-78k and a nice cluster a bit above 100k.