[charts] Completely different TA than ANY other btc reversal in history - page 3.

Analyze the TA in the follow charts of bear market recoveries, particularly the Stochastic RSI, the depth of the trading range, and the amount of time spent consolidating before breakout. These are all logarithmic charts to help emphasize and compare the depth of trading ranges.

Now look at the CURRENT recovery. Again pay attention to the Stochastic RSI.

The current recovery is completely unlike any other btc recovery in history.

1. The stochastic RSI was never down and is on the moon instead, appearing to give a SELL signal rather than a buy signal. In every other recovery, stochastic RSI is very low and then works its way upwards into the breakout.
2. It has a 55% trading range when every other recovery has a 20% trading range.
3. There is this hammer candle with a complete abandonment of the previous lows in 400-550. Every other recovery has gone down to retest the lows.
4. It has spent 2 days trading before breakout when every other recovery has spent at least a week.

Thoughts?

Topic: [charts] Completely different TA than ANY other btc reversal in history - page 3. (Read 4714 times)