BTC - observation on the monthly chart

2024年2月20日

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.

2024年2月21日

註釋

Not to ignore though, each time in the last week before the start of the correction there was a significant upwards move in price.

2024年2月22日

註釋

Some levels:

2024年3月4日

註釋

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.