Bullish cross on Monthly Stoch. RSI >> End of bear market?
A simple yet very powerful indicator could be the Monthly Stochastic RSI.
We recently had a bullish cross on that indicator. Looking at the previous 2015 bear market, we see that once the Stochastic RSI hit the bottom, a bullish cross-over indicated the end of the bear market and beginning of accumulation/consolidation phase which went on for a few months. Even if this indicator shows a bearish cross again, it will be temporary and the BTC price will just attempt a double bottom at the 3.1k levels (we see almost the exact fractal in the previous bear market)
In summary, I believe there is some good merit that this indicator (Monthly Stoch RSI) actually points to the official end of the bear market.
#stochasticBullishMonthlyDivergence
#HODL !
We recently had a bullish cross on that indicator. Looking at the previous 2015 bear market, we see that once the Stochastic RSI hit the bottom, a bullish cross-over indicated the end of the bear market and beginning of accumulation/consolidation phase which went on for a few months. Even if this indicator shows a bearish cross again, it will be temporary and the BTC price will just attempt a double bottom at the 3.1k levels (we see almost the exact fractal in the previous bear market)
In summary, I believe there is some good merit that this indicator (Monthly Stoch RSI) actually points to the official end of the bear market.
#stochasticBullishMonthlyDivergence
#HODL !
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.