This is just a quick update to correct an error I made in my last video. I stated that when viewing the monthly Bitcoin chart with the Stochastic RSI indicator, a drop below the 20 level signaled that the peak had been set for the market cycle.
This is true for every market cycle except the 2021 market cycle with the double top. During the summer of 2021, the Stochastic RSI indicator dropped slightly below the 20 level but then recovered to move back above the 20 level during the push higher to the second peak.
This is true for every market cycle except the 2021 market cycle with the double top. During the summer of 2021, the Stochastic RSI indicator dropped slightly below the 20 level but then recovered to move back above the 20 level during the push higher to the second peak.
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.
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.