BTCUSD - Fourth Bullrun using Monthly RSI
Hi everyone,
Thank you for considering reading my idea.
Predicting where Bitcoin is tough but what we can do instead is try to listen to indicators that marked the top of Bitcoin for the past 3 tops: 2013 at $1100, 2017 at $19,000 and 2021 at $68,000.
In this thread, I am just sharing you the monthly RSI where it reach at least 90. Each tops has their unique pattern:
1. 2013 top - even though it reached 90 in the RSI the first time, Bitcoin was able to pump the second time.
2. 2017 top - it also had 2 RSI tops but Bitcoin just rallied until December 2017.
3. 2021 top - this is different since it only have 1 top in the RSI but had 2 tops in price. The second top was even higher than the first top. This pattern have us a RSI bearish divergence where RSI is trending down even though the price is trending up.
This top could be different. But we can also see that the top happens every four years. So maybe we can see a top next year 2025? No one knows but following the pattern might give us some clues. Also, just because there is a pattern doesn't mean the next one will follow.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA. TAYOR. DYOR.
Cheers,
Juvar
Thank you for considering reading my idea.
Predicting where Bitcoin is tough but what we can do instead is try to listen to indicators that marked the top of Bitcoin for the past 3 tops: 2013 at $1100, 2017 at $19,000 and 2021 at $68,000.
In this thread, I am just sharing you the monthly RSI where it reach at least 90. Each tops has their unique pattern:
1. 2013 top - even though it reached 90 in the RSI the first time, Bitcoin was able to pump the second time.
2. 2017 top - it also had 2 RSI tops but Bitcoin just rallied until December 2017.
3. 2021 top - this is different since it only have 1 top in the RSI but had 2 tops in price. The second top was even higher than the first top. This pattern have us a RSI bearish divergence where RSI is trending down even though the price is trending up.
This top could be different. But we can also see that the top happens every four years. So maybe we can see a top next year 2025? No one knows but following the pattern might give us some clues. Also, just because there is a pattern doesn't mean the next one will follow.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA. TAYOR. DYOR.
Cheers,
Juvar
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