Friends, I hope you are all having a lovely week. I know I have not published a chart on Trading View in a while, so after a volatile week in equities and crypto, now seems like as good a time as any.
As for the MONTHLY Bitcoin Chart, while we have not been given the "Green Light" for the Bulls, we are VERY CLOSE to seeing our Stoch/RSI and RSI Moving Average give us that light!
The key for Bulls is to see the Stoch/RSI give a print OVER 20, and the RSI render a Bullish cross over its respective RSI Moving Average.
I have superimposed a vertical black line to represent March 2023. The reason is because that is my best thinking of when we get the Monthly oscillators to finally give Bulls the "All clear".
And while it could take until April, the bottom line is to not let the smaller volatile moves of the past week get in the way of the BIGGER moves ahead!
As a wise technician once said, "When in Doubt, Zoom Out!!!"
Have a Wonderful Weekend Friends!!! :)
JT
As for the MONTHLY Bitcoin Chart, while we have not been given the "Green Light" for the Bulls, we are VERY CLOSE to seeing our Stoch/RSI and RSI Moving Average give us that light!
The key for Bulls is to see the Stoch/RSI give a print OVER 20, and the RSI render a Bullish cross over its respective RSI Moving Average.
I have superimposed a vertical black line to represent March 2023. The reason is because that is my best thinking of when we get the Monthly oscillators to finally give Bulls the "All clear".
And while it could take until April, the bottom line is to not let the smaller volatile moves of the past week get in the way of the BIGGER moves ahead!
As a wise technician once said, "When in Doubt, Zoom Out!!!"
Have a Wonderful Weekend Friends!!! :)
JT
JT