Get started

Rsireversal

RSI reversal on sushi.Hi everyone, Sushi seems to be going up with the general bullish market today but watch out! It seems there's a typical rsi reversal going on with sushi on the hourly, I also checked the volume and it's deceasing. There could be red candles from here onwards upto next 'support'. It's.not actual support since not many candles on this strong sudden uptick. Note: Please make your own financial decisions. Price can swing wildly in crypto markets, so typical indicators might not always work.
Short
by Megamycete
1
Possible alt season scenario as alts decouple from BTC.DCRYPTOCAP:BTC.D CRYPTOCAP:TOTAL2 This idea explores the case for a comming alt season. I've inverted the monthly BTC.D and its RSI in order to better visualize the correlation with alt market cap (TOTAL2). 2017 alt season was a beast and if anything similar happens this cycle (lots of alt hopium going around) crypto bros and gals will be stacking mad sats while institutional money drives BTC and some large cap alts into price discovery. Of note here is the October 2020 decoupling of tha alt market cap from BTC dominance. I read this as strong demand for alts as there are quite a lot of sh!tcoins with over 80% loss in sats from summer tops. Right now BTC is on its way to newer highs, but so is the alt market cap. I believe the longer BTC keeps going before correcting, more preassure will be building in ALT/BTC pairs (LTC, ETH just to name a few), with possible moonshot potential if we are headed towards market euphoria. Monthly RSI bottoming at the 40 level (inv.60, 1) and January closing not lower is bullish af. Any weak push up towards the 60 level (inv.40, 2) could mean a delay for serious alt action. However, strong breach of the 70 level (inv.30, 3) in the comming months could potentially lead to a massive alt market. I'll be monitoring this for confirmation and post an update as the month ends. BTC.D could turn to the upside here even if BTC corrects soon(tm) - alts just need to correct less. Since no alt has breached it's historic USD ATH yet, this is possible. BTC has doubled its ATH and keeps going.
CRYPTOCAP:BTC.DLong
by Kalchev
1