Tale of the RSI, To Take Us Home
Well, here we are. Can check my previous posts for a daily analysis, targeting 7700-8k range. But.. this is it, isn't it? The sell off all have been waiting for.
The time at which the bull run truly begins. Before the halving, fear (albeit controlled) hit the market. Hitting the bottom of the long term growth curve. Business, people, institutions, all ready to buy. This will be interesting to look back on in a couple of years. Enjoy the sell off. Savor the discount it provides us. For we are nearing time to moon.
Was randomly looking at this chart on the weekly and the RSI caught my eye. How close to exact it matches the last bull run. High lows, bullish divergence, about to dance up the latter. Maybe slightly more downside to go. But we are looking solid.
(Below 6k, though, and run for the hills...fast).
The time at which the bull run truly begins. Before the halving, fear (albeit controlled) hit the market. Hitting the bottom of the long term growth curve. Business, people, institutions, all ready to buy. This will be interesting to look back on in a couple of years. Enjoy the sell off. Savor the discount it provides us. For we are nearing time to moon.
Was randomly looking at this chart on the weekly and the RSI caught my eye. How close to exact it matches the last bull run. High lows, bullish divergence, about to dance up the latter. Maybe slightly more downside to go. But we are looking solid.
(Below 6k, though, and run for the hills...fast).
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