BitcoinGiá lên
BITCOIN 1month RSI showing the Bull Cycle is far from over.
Bitcoin / BTCUSD has had a pull back this week but that shouldn't cloud your long term outlook.
That remains bullish and even more so on the 1month chart where the RSI turning flat is a sign that the parabolic rally has only just begun.
The 1month RSI is trading inside a Channel Down since the very first trading day and with this week's sideways turning, it remains under the 0.786 Fibonacci level.
This suggests that relative to past Cycles, we may be on a similar stage as February 2017 and January 2013.
Both took 10 months until their Cycles topped.
This shows that we can stay bullish until at least September 2025 or if the RSI hits the top of the Channel Down first.
Take all the above into consideration and start taking profits in September the latest.
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That remains bullish and even more so on the 1month chart where the RSI turning flat is a sign that the parabolic rally has only just begun.
The 1month RSI is trading inside a Channel Down since the very first trading day and with this week's sideways turning, it remains under the 0.786 Fibonacci level.
This suggests that relative to past Cycles, we may be on a similar stage as February 2017 and January 2013.
Both took 10 months until their Cycles topped.
This shows that we can stay bullish until at least September 2025 or if the RSI hits the top of the Channel Down first.
Take all the above into consideration and start taking profits in September the latest.
Follow us, like the idea and leave a comment below!!
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