Following idea:
BTC is in a downward trend on the RSI but currently around 40% away from the trendline.
Going up on the RSI by this 40% could be caused by a price raise up to the upper rising wedge line.
A similar 40% RSI increase in July-August was caused by a ~70% price increase
-> same numbers are needed for the current setup.
Curious what's gonna happen....
Ok let's not loose time and go directly into it. Here is what i see:
1. In the last 2 years FTM bounced 4 times from the RSI support line.
2. In the last 2 years FTM moved 3 times into the overbought area on the RSI and stayed there for X-weeks.
3. The time from entering the overbought area until it created a new ATH (before leaving the overbought area again) was...
