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Rsi-2

RSI and breakoutsIve noticed that when : 1The RSI hits below 30 on the 30min sometimes 1hr time frame 2Then goes up to just before 70 ...say 67 on the RSI 3Then drops again to 25-29 THAT'S A BUY I think that would indicate a breakout to the upside. The RSI will go up and down in wave patterns. This doesn't mean the price will follow. BE CAREFUL. So, if it has to hit 70 on the RSI but doesn't. Then drops ,all those people who FOMOed in are FOMOing out at a lower price bringing it up but with more volume. THIS IS JUST ME TALKING AND NOT ADVICE.
KEducation
by UnknownUnicorn5174798
$BTCUSD Price is Too High IMO- Technical Anal. Into the HalvingThere is a lot of excitement about COINBASE:BTCUSD as the halving is now less than 7 days and 1,000 blocks away! However, I'm still looking at one more price dump that needs to happen. There is a bearish divergence occurring with LH on the RSI and HH on the price. You can see it happening twice on the price chart as the RSI continues to make LH and LL and price has two patterns of HH and HL. For some reason the Bulls have really been successful in keeping the daily RSI in the overbought range >70 since Friday, and preventing a correction after that big plump. At the start of Monday the RSI actually dipped below 70 and it looked like the price was going to dump. (Went to about ~$8500) But it did not close below 70 and now has since been making a "step down" patter on the RSI (as you can see on the chart). I really think these price "pumps" we are seeing these past few days are not "natural growth" as they say. If you look at the history of the RSI it has never stayed in the overbought region as long as is now. The BB is starting to consolidate and the candlesticks do not appear to be breaking out of the BB. The $BTCUSD weekly RSI also showed RSI 70 resistance and is now moving down/sideways as well. So I'm waiting for a dump until the RSI can correct comfortably below the 70, as we see bullish patterns again on the RSI. My guess is we are going to test the ~$7900 Support as this is the current 100 & 200 day SMA. The question is will this happen before or after the halving? Historically there is a dump following the halving so maybe $BTC will stay overbought until after the halving. My previous thinking was that we would see a correction dump, followed by a bull rally leading up to the halving and a dump right after. But now I think it could be either way. **Very new to this, I would appreciate any constructive criticism and alternate viewpoints**
COINBASE:BTCUSDShort
by jdm69
#BitCoin update for 02.06.2020BitCoin update for 02.06.2020 the price action is still rising over the yellow lines are supported... The white line is the VWAP-Anch it did start on 01.01.2020 at 00:00:01 AM UTC... Same as my last update the price of Bitcoin vs the USD is still strong, I have a gut feeling about this year... In the RSI-VWAP Indicator, it has come down a bit. But it's trying to come back to the 80 zones... For me, that's a good sine because we don't want the market to get too hot yet ... For the reason is, Bitcoin has a bright future and we don't need a repeat of 2017 - 2018... I want to see Bitcoin being used by most people in the next 10 years, not as "Do you remember Bitcoin?" This chart is the Bitcoin Market Cap Dominance that has been Calculated By TradingView... Wow, what a move down... What altcoin is taking in all this action?
COINBASE:BTCUSDLong
by ADHDing_