Bitcoin about to entering in rising trend?
I'm just a novice with a 140 IQ, I'm noticing a pattern of Rising RSI, followed by descending RSI, then a capitulation period, then again the ascending RSI.
The last red circle is the last capitulation period. And it looks like we are completing an ascending RSI on the daily, which I predict will be followed by a descending RSI.
You'll notice the descending RSI is coupled by a rising price. Which I believe details that while price rises the trend is waning as bears begin to win as they do once a price increase is reaching its end.
But I'm not a day trader. So not financial advice.
The last red circle is the last capitulation period. And it looks like we are completing an ascending RSI on the daily, which I predict will be followed by a descending RSI.
You'll notice the descending RSI is coupled by a rising price. Which I believe details that while price rises the trend is waning as bears begin to win as they do once a price increase is reaching its end.
But I'm not a day trader. So not financial advice.
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