Bitcoin tops and bottoms (maro trend)
Bitcoin tops and bottoms (maro trend) can easily be identified if you use the RSI and Stochastic RSI on 2week candles.
You can draw a channel on both indicators.
- When the top of the channel is reached on both indicators = top
- When the bottom of the channel is reached on both indicators = bottom
Last top signal wasn't that good (42k) but as you can see on the RSI bearish divergence started since then and in the end Bitcoin fell way below 42k.
You can draw a channel on both indicators.
- When the top of the channel is reached on both indicators = top
- When the bottom of the channel is reached on both indicators = bottom
Last top signal wasn't that good (42k) but as you can see on the RSI bearish divergence started since then and in the end Bitcoin fell way below 42k.
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