BITCOIN: TA ON TREND WITH RSI
Hi guys, here a simple analyse on high timeframe.
When Rsi cross through upward Ma we assume a run is in play, but not always as 2015 show us.
This time we reached the low Rsi already, so patience is the key.
When Rsi will invert and wait for a cross with Ma, then we could start a long spot position but always with in mind the 2015 double bottom on Rsi, in that case price fall a second time by -50%.
Let's see if we are near bottom for this cycle or not.
When Rsi cross through upward Ma we assume a run is in play, but not always as 2015 show us.
This time we reached the low Rsi already, so patience is the key.
When Rsi will invert and wait for a cross with Ma, then we could start a long spot position but always with in mind the 2015 double bottom on Rsi, in that case price fall a second time by -50%.
Let's see if we are near bottom for this cycle or not.
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