Bitcoin Bottom is Actually In - page 2.

ImThour

copper member

Activity: 1498

Merit: 1619

Bitcoin Bottom was at $15.4k

Quote from: palle11 on June 16, 2022, 08:58:13 AM

The RSI and stochastic oscillator are basically indicators that show overbought areas and oversold but not reversal.

25 EMA crossed 100 MA only 3-4 times on Weekly and you are looking at just RSI and Stochastic? You gotta be the stupid one.

Have fun.

palle11

sr. member

Activity: 2366

Merit: 332

You may be right for the buttom ending or closing of it all for hodlers to have another fresh air and opening of bullish thread. But it may not come to end just on a spot. The RSI and stochastic oscillator are basically indicators that show overbought areas and oversold but not reversal. Using reversal indicators are more accurate for a time frame watch especially like longer time frame , daily , weekly or monthly. Therefore to wait for the monthly time and using support and resistance calculation is more important in this bear time. Sometimes market can be overbought or oversold but it keeps eating down prices and stop loss like it is has been happening around $32/30k price area down up to now at $21k.

ImThour

copper member

Activity: 1498

Merit: 1619

Bitcoin Bottom was at $15.4k

Hey,

I have previously called how $BTC will be at 200 MA in Feb 2022, I guess I was ahead of time in finding how comparable 2018 market was to 2022.
Now once we are here at $21k, I think Bitcoin bottom is in.

How I can say that?
1. Monthly RSI
2. Stochastic RSI
3. Hash Ribbon
4. Weekly EMAs and MAs
5. MVRV-Z Score
6. BEAM Indicator

Let's begin

1. Monthly RSI -
RSI is at 40, previously whenever this happened, bottom was in.

2. Stochastic RSI -
Whenever Stochastic RSI below 5, bottom was in.

3. Hash Ribbon -
Whenever Hash Ribbon Indicator shown Capitulation Signal, Bottom was in,

4. Weekly EMAs and MAs -
25 EMA crossed 100 MA, bottom was in. This week, the same happened.

5. MVRV-Z Score -
Whenever MVRV-Z is in green zone, bottom was in. The chart below is in 2 days delay so has not counted $20k BTC price.

6. BEAM Indicator -
BEAM stands for "Bitcoin Economics Adaptive Multiple". BEAM divides the price of bitcoin at any given moment to a moving average of past prices.
Green Zone In, means bottom is in.

I love sharing information and my analysis with everyone, rest is upto you how you want to make use of this information.
Good luck and I hope you will make it out if you haven't already this bull run anon.

Topic: Bitcoin Bottom is Actually In - page 2. (Read 353 times)