Here is the reason why we needed a downtrend. Stock RSI was overbought at 100.
I have facts to believe this had to happen to reach $70k on a 1D TF.
Many might think but we’re headed down. I say we’re not because according to my analysis, there’s a BULL on the sidelines waiting for the STOCHASTIC RSI to give it its green light to start the RUN.
This BULL was ready since yesterday 8/25, we all saw that, yet we failed the RALLY because what did the STOCHASTIC facts read? 100
So BITCOIN had to downtrend and reads to repeat to $70k at its perfection like STOCH RSI history. It’s right before our own eyes, SEE for yourself. Bitcoin hit the BULL-EYE.
If the 1D TF fails the last BULL RALLY then I will question my BULL Stimulator and my pending BULL RUNS which had delayed in the past but have not failed.