Entry and exit strategy for Bitcoin
Hello everyone,
According to some some clever people, Bitcoin bubble's can be accurately recognized by a double peak at the RSI plot twitter.com/Krypardus/status/1363240733638094850
I've spend some time and improved this analysis, changed upper band for 90 and lower band for 50 scores. Moreover, other settings were modified: length was changed for 16 days while source is open. The visible orange lines indicate first peaks in Bitcoin price/bubble however, red lines indicate final exit point of second RSI bubble. Lower RSI value is set up to indicate entry position, moreover, blue vertical lines were used to confirm the accuracy of that strategy.
Just to simplify the analysis, when RSI is:
- above 90 at monthly chart = STRONG SELL
- below 50 at monthly chart = STRONG BUY
As you can clearly see, the 2020/21 is a bull market for Bitcoin, however, we didn't even touched the 90 day RSI for a primary signal of a first bubble in Bitcoin!
Keep HODLing and don't panic!!
Regards
Simon_says
According to some some clever people, Bitcoin bubble's can be accurately recognized by a double peak at the RSI plot twitter.com/Krypardus/status/1363240733638094850
I've spend some time and improved this analysis, changed upper band for 90 and lower band for 50 scores. Moreover, other settings were modified: length was changed for 16 days while source is open. The visible orange lines indicate first peaks in Bitcoin price/bubble however, red lines indicate final exit point of second RSI bubble. Lower RSI value is set up to indicate entry position, moreover, blue vertical lines were used to confirm the accuracy of that strategy.
Just to simplify the analysis, when RSI is:
- above 90 at monthly chart = STRONG SELL
- below 50 at monthly chart = STRONG BUY
As you can clearly see, the 2020/21 is a bull market for Bitcoin, however, we didn't even touched the 90 day RSI for a primary signal of a first bubble in Bitcoin!
Keep HODLing and don't panic!!
Regards
Simon_says
Not
Not
Not
Not
BTC: FTX ReserveThe amount of BTC held in FTX wallets.
cryptoquant.com/overview/full/392?window=day
Not
BTC: Spot Exchanges Inflow Mean (MA7)The 7d moving average of mean BTC inflow to spot exchanges' wallets.
cryptoquant.com/overview/full/686?window=day
Not
BTC: All Miners to All Exchanges Transaction CountThe number of transactions from all miners to all exchanges.
cryptoquant.com/overview/full/3507?window=day
Not
cryptoquant.com/overview/full/2598?window=dayBTC: All Miners to Spot Exchanges Flow
The total amount of BTC transferred from all miners to spot exchanges
Not
Not
Stock to Flow for Bitcoincms.zerohedge.com/s3/files/inline-images/2021-03-03_5-29-32.jpg?itok=_d--eKKH
Not
Not
BTC: All Exchanges Inflow Mean (MA7)cryptoquant.com/overview/full/240?window=day
Not
Not
Not
Not
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.