#Bitcoin and RSI Moving Average
Hi everyone,
Thank you for considering reading my idea.
I plotted the price action when the RSI (white line) is above the RSI Moving Average (yellow line). When it's above, I added green boxes, else red boxes.
This week, we are above the RSI-MA. We still have 3d 13h before the weekly close (as of this posting).
Hold your horses! Just because we are breaking out the RSI-MA, doesn't mean we are going to get new ATH. What happened during 2014 and 2018?
This also aligns with our Bear Market Patterns :) See related ideas below.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
Thank you for considering reading my idea.
I plotted the price action when the RSI (white line) is above the RSI Moving Average (yellow line). When it's above, I added green boxes, else red boxes.
This week, we are above the RSI-MA. We still have 3d 13h before the weekly close (as of this posting).
Hold your horses! Just because we are breaking out the RSI-MA, doesn't mean we are going to get new ATH. What happened during 2014 and 2018?
This also aligns with our Bear Market Patterns :) See related ideas below.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
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