RSI30 BTC pumps in this bull run, RSI close to 50 and up we go!
Made a notion when zooming the bitcoin chart today that in this bull cycle anytime btc has hit RSI30 or below we have done enormous up peaks. Well now in the latest correction we hit RSI30. Last time it happened September last year. Back then we went from 9k price level to all the way to 65k.
Now it's interesting to follow if RSI closes above 50. Would expect quite a huge upside at that point. More specifically judging from the previous pumps to around 77k first.
However this pattern will hold only as long as we are on a pull market.
Not sure if this is something interesting but I'll you to be judge on that.
Not a financial advice. Just an idea. DYOR.
Now it's interesting to follow if RSI closes above 50. Would expect quite a huge upside at that point. More specifically judging from the previous pumps to around 77k first.
However this pattern will hold only as long as we are on a pull market.
Not sure if this is something interesting but I'll you to be judge on that.
Not a financial advice. Just an idea. DYOR.
Trade active:
Still no confirmation for upside in daily timeframe. Staying in alts.
Trade closed: target reached