If you were a long-term investor or "Whale" looking to find a nice entry point, would this be it? Would this chart absolutely convince you this is the right time to invest? Is it pump time to new All-Time Highs? Are we even near the bottom?
There have only been 3 times the RSI has broken underneath 20 on the RSI and each time it has signaled a Bear Market.
The MACD has also crossed to the downside which every time previously has followed it with a significant drop thereafter.
The volume is incredibly low.
Listen, im not here to scream BEAR MARKET at everyone because I know a vast majority disconnect as soon as they read it. Im not here to say there won't be a pump. In reality, nobody knows. I am simply pointing out the interesting developments on the 3 Week Time Frame. You can choose to see it however you want to see it, that is up to you! Good luck everyone for the weeks ahead, BE SMART!
There have only been 3 times the RSI has broken underneath 20 on the RSI and each time it has signaled a Bear Market.
The MACD has also crossed to the downside which every time previously has followed it with a significant drop thereafter.
The volume is incredibly low.
Listen, im not here to scream BEAR MARKET at everyone because I know a vast majority disconnect as soon as they read it. Im not here to say there won't be a pump. In reality, nobody knows. I am simply pointing out the interesting developments on the 3 Week Time Frame. You can choose to see it however you want to see it, that is up to you! Good luck everyone for the weeks ahead, BE SMART!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.