BitcoinLong
🔥 A Simple BTC Guide On How To Sell The Top And Buy The Bottom
People say that timing the market is difficult. But is it really?
The monthly Bitcoin RSI seems to be following a very predictable pattern since its inception back in 2011. Actually, the pattern is so predictable that we can draw a perfect channel onto it.
Bitcoin tops around the time that the monthly RSI hits the top resistance, and bottoms once it hits the bottom support. Sure, you won't catch the exact top or bottom, but neither do 99.999% of traders.
If you will buy around the area where the RSI hits the support and sell around the time the RSI hits the resistance you will still be outperforming the vast majority of traders.
For the next cycle, I'm simply going to assume that we're going to top somewhere around the time that the monthly RSI hits the top resistance.
What are you favorite top / bottom indicators? Share them with the community 🙏
The monthly Bitcoin RSI seems to be following a very predictable pattern since its inception back in 2011. Actually, the pattern is so predictable that we can draw a perfect channel onto it.
Bitcoin tops around the time that the monthly RSI hits the top resistance, and bottoms once it hits the bottom support. Sure, you won't catch the exact top or bottom, but neither do 99.999% of traders.
If you will buy around the area where the RSI hits the support and sell around the time the RSI hits the resistance you will still be outperforming the vast majority of traders.
For the next cycle, I'm simply going to assume that we're going to top somewhere around the time that the monthly RSI hits the top resistance.
What are you favorite top / bottom indicators? Share them with the community 🙏
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