Bitcoin - Keeping it simple

2021년 2월 28일

People are catching falling knives instead of using simple moving average indicators. The 4 hour oversold level on RSI has been a reliable indicator of bottoms in recent bull corrections, but, obviously, it's not fool proof. As soon as people pile in on the short side with leverage, we're likely to see a bounce. Sometimes the best position is to not have one.

2021년 3월 1일

노트

Things are looking better at this point, with our expected bounce .. Now watching for a higher low and indication of a trend change.