On a weekly time frame, we can notice previously on average 50% drop after SMAs cross over.
Also, the RSI here after hitting 17k gave us an extremely oversold signal.
In 2015, we stayed sideways after reaching a similar point.
In 2019 couple of months of sideways and then we bounced back up and then corrected again.
And now we are entering October, which previously was a bullish month on many previous cycles.
I think Bitcoin this time will do well in October going above 25k and then correct again maybe retesting 17k
Also, the RSI here after hitting 17k gave us an extremely oversold signal.
In 2015, we stayed sideways after reaching a similar point.
In 2019 couple of months of sideways and then we bounced back up and then corrected again.
And now we are entering October, which previously was a bullish month on many previous cycles.
I think Bitcoin this time will do well in October going above 25k and then correct again maybe retesting 17k
NxGen Crypto Signals APP I post in the app top profitable signals. Available on iOS and Android crypto.eblock6.com/nxgen-app
Free Telegram Channe: t.me/NxGenApp
Free Telegram Channe: t.me/NxGenApp
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NxGen Crypto Signals APP I post in the app top profitable signals. Available on iOS and Android crypto.eblock6.com/nxgen-app
Free Telegram Channe: t.me/NxGenApp
Free Telegram Channe: t.me/NxGenApp
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.