BTC trends change direction with RSI divergences on the daily, as shown above. The general strategy is to bet with the prevailing trend until a new divergence and/or trend emerges. Sometimes, like the capitulation spike in February, a divergence isn't necessary. Until this big dump, we didn't have a bullish divergence or capitulation to change the direction. Now we do. It's time to close the shorts and open longs.
It's still possible we see a drop to sub 6K for a "spring" in the short term. BTC probably goes sideways for another week (or several). But it looks like the bulk of the dumping is over. Finally!
It's still possible we see a drop to sub 6K for a "spring" in the short term. BTC probably goes sideways for another week (or several). But it looks like the bulk of the dumping is over. Finally!