BitcoinLong
BTCUSD Daily
Good morning everyone. Decided to take a quick look in the rearview mirror while BTC comes down to refuel on the way to wherever it’s going. From top to bottom:
-BTC has been in the upper channel of a linear regression trend for a little over a week.
-BTC has been above the .382 BB area that I use for trend re-entry for more than a week.
-BTC has been above the 50 sma that I use for a buy/sell line for a couple weeks.
-BTC was >90 on the RSI four days ago…not a method for calling tops, just note that it doesn’t hang out there for long and that level has preceded a down trend twice before.
Sure would be nice to see BTC on the bottom range of these indicators to add some sats to the HODL bag, and the few indicators I find useful are heading in that direction…but the market will do what the market does. I bet any price in the five-figure range will look like a steal after the next halving.
-BTC has been in the upper channel of a linear regression trend for a little over a week.
-BTC has been above the .382 BB area that I use for trend re-entry for more than a week.
-BTC has been above the 50 sma that I use for a buy/sell line for a couple weeks.
-BTC was >90 on the RSI four days ago…not a method for calling tops, just note that it doesn’t hang out there for long and that level has preceded a down trend twice before.
Sure would be nice to see BTC on the bottom range of these indicators to add some sats to the HODL bag, and the few indicators I find useful are heading in that direction…but the market will do what the market does. I bet any price in the five-figure range will look like a steal after the next halving.
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