BTC - Right on Track for its 6 Month Momentum Move

May 28, 2023

Here we are examining BTC's price action with our stochastic RSI (momentum indicator). What is so interesting is the correlation these two things have with time. Almost every 6 months we see a cross on our stochastic RSI (blue crossing above the orange). This represents a momentum flip from bearish to bullish and tends to occur near oversold on the stochastic. Right now our Stochastic is near oversold. As soon as we see a cross of the blue over the orange we could see a massive momentum wave towards the upside.