shan3

shan3

A different point of view. BTCUSD on the weekly chart. As you can see, BTC has had quite a run up since the previous cycle low at $3,215. The RSI (middle panel) topped out at 94.81% (orange arrow) on the weekly when price peaked at 42k. That would tie in with the wave 3 top in the previous chart - convergence in our analysis. The RSI never reached this level...

shan3

New ATH calls for another TA update! Get ready to get bored! BTCUSD hit a new ATH $64,829 on CEX yesterday. What a time to be alive. BTCUSD closed at $6,633 on this day last year. If you bought BTC one year ago you would be nearly 10x on your investment... without doing a thing. But our vision is not simple gains. We are building a fairer world for our children....

shan3

Chart comparing price action vs daily 200MA, RSI and MACD. I think there is one more push down before we truly bottom out.