Some perspective on where we're at.
I'm not sure how much this downtrend will continue, but given what I'me seeing here, we may have to wait a bit before the next upswing occures.
The indicators below are set to Stochastic RSI 112 and RSI 448
The exact numbers are unimportant.
What matters here is that there's enough values in the RSI to form sort of an "on/off" switch.
You'll notice that the period between the last two bull-runs of cryptos coincided with RSI 448 on the 4HR being pegged to the top, while their respective downturns are either headed downwards, the RSI 448 is pegged to the bottom.
Obviously this is a slow moving indicator, and you may try to use it with smaller time values.
it may be time to sleep in the long Run, though.
The indicators below are set to Stochastic RSI 112 and RSI 448
The exact numbers are unimportant.
What matters here is that there's enough values in the RSI to form sort of an "on/off" switch.
You'll notice that the period between the last two bull-runs of cryptos coincided with RSI 448 on the 4HR being pegged to the top, while their respective downturns are either headed downwards, the RSI 448 is pegged to the bottom.
Obviously this is a slow moving indicator, and you may try to use it with smaller time values.
it may be time to sleep in the long Run, though.
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