Ok just 2 Observations here:
First, after going above RSI 70 Bitcoin always dropped under RSI 45 before reaching the above RSI 70 zone again.
Second, the dips that happen somewhat linked to the above matter of fact have until now always reached the last all time high.
This observation is based on the past months and it leads me to the conclusion,
that if it continues this cycle I will be able to buy in at around 5000 again. Considering it keeps this Characteristic
If you like this idea please check out my FTA Trading Algorithm
First, after going above RSI 70 Bitcoin always dropped under RSI 45 before reaching the above RSI 70 zone again.
Second, the dips that happen somewhat linked to the above matter of fact have until now always reached the last all time high.
This observation is based on the past months and it leads me to the conclusion,
that if it continues this cycle I will be able to buy in at around 5000 again. Considering it keeps this Characteristic
If you like this idea please check out my FTA Trading Algorithm