Bitcoin is trying to refuel (hopefully)

3 Jul 2019

Apprx every 120-130 days btc has a pull back only to refuel. Once the RSI gets above 55 you can see every time is confirms the next leg up. Although, we are above the ribbon we do not have conformation of up or down yet and we are still making a lower low in the pull back. Do not pay attention to the noise in the charts of the buy an sell signals. If you are looking to use them look for the second buy signal after the pull back (confirming support). Only use the Sell signal when the RSI stops making higher highs or breaks down a RSI trend line.