Ethereum & Bitcoin small🧵 1
ETH RSI = 86
MUST USE BTC FUTURES as derivatives DICTATE price & NOT SPOT BTC
This = why most Influencers get calls wrong Truthfully, most don't have real chart skills
Historically, RSI has been higher 5/21 top RSI is STRONG = good sign
2 We surmised crypto pump was incoming Call it experience
Daily ETH broke 2 resistance areas within week VERY GOOD, both with ease & okay volume
WEEKLY RSI + trading⬆️both Moving avg = GOOD
ETH getting closer to light blue area This is ethereum REAL TEST
Crypto
3 BTC won't be outdone by ETH Also⬆️10% & broke resistance EASILY
Volume on daily IS GOOD
ALSO, like ETH, Bitcoin has GAP to fill Likely fill before BULL rally
Don't think BTC breaks LONG TERM DOWN TREND on 1st try, but who knows
Have 2 say, FEELS lil different
crypto
4
BTC RSI is 90.6 BTC hit this few times in 19 & 1x in 20 & 21
ALL TIMES, except 21, traded sideways after = bitcoin CONSOLIDATION for NEXT PUMP
21 = SMALL pullback for more PUMP Slight exception 1st time in 19, begins bull
*DIFFERENCE, we're in BEAR vs that was BULL mkt
5 This bitcoin & Ethereum🧵can be MUCH LARGER but will only mentioned the important
Weekly BTC, see RSI? Only 1x closed🧵⬆️50 but NO FOLLOW THROUGH Currently HIGHEST in down trend!
Like ETH, don't think BTC downtrend broken 1st try GAP on WEEKLY, will be attracted to it
6
Way tough to call BTC bottom
See current pinned post on BTC bottoms
Signs are coming in AGAIN It's also GREAT that Bitcoin is "leading", ot the very least, NOT LAGGING ETH & altcoin
Time will tell but this FEELS different than other 2 potential bottoms
BE PATIENT