Bitcoin 3day 100% RSI Pump Zone
Hello Traders,
While analyzing Bitcoin's running history I came across this Relative Strength Index zone that clearly shows a pump or reversal in price action every time the 3 Day RSI Indicator Line enters this zone. Even in a down trend in price action the pump turned a 65.41% gain. As of right now we are just entering the top of this zone. It should be interesting to see how price action reacts now that we are within this pump zone.
My Plan is to start dollar cost averaging into the price action and hope that the price gets deep into the bottom buy zone that I have placed on my chart. This would bring the RSI down further into this zone and potentially have the same large pumps as previous time this has happened.
I would like to hear from you on what your prediction is for Bitcoin in 2022, lets discuss and have a great conversation below!
Have a green week,
Savvy
While analyzing Bitcoin's running history I came across this Relative Strength Index zone that clearly shows a pump or reversal in price action every time the 3 Day RSI Indicator Line enters this zone. Even in a down trend in price action the pump turned a 65.41% gain. As of right now we are just entering the top of this zone. It should be interesting to see how price action reacts now that we are within this pump zone.
My Plan is to start dollar cost averaging into the price action and hope that the price gets deep into the bottom buy zone that I have placed on my chart. This would bring the RSI down further into this zone and potentially have the same large pumps as previous time this has happened.
I would like to hear from you on what your prediction is for Bitcoin in 2022, lets discuss and have a great conversation below!
Have a green week,
Savvy
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