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navywhiskey

Historically BTC tops at an RSI of around 97, and a bottom of 45

Corto
Bitcoin (BITSTAMP:BTCUSD)  
navywhiskey  
BITSTAMP:BTCUSD   Bitcoin
Technical Indicators Trend Analysis Chart Patterns
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indicator trendanalysis chartpattern
On the monthly chart using the RSI indicator Bitcoin peaks at around 97 and bottoms out around 44-45. Historically these would be the best long and short positions. This most recent top (April 2021) had an RSI 92. Lower than the previous peaks but I feel this cycle is different and may also be ending early. Also the Guppy indicator has just flipped red on this monthly chart.
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