Bitcoin about to entering in rising trend?
I'm just a novice with a 140 IQ, I'm noticing a pattern of Rising RSI, followed by descending RSI, then a capitulation period, then again the ascending RSI.
The last red circle is the last capitulation period. And it looks like we are completing an ascending RSI on the daily, which I predict will be followed by a descending RSI.
You'll notice the descending RSI is coupled by a rising price. Which I believe details that while price rises the trend is waning as bears begin to win as they do once a price increase is reaching its end.
But I'm not a day trader. So not financial advice.
The last red circle is the last capitulation period. And it looks like we are completing an ascending RSI on the daily, which I predict will be followed by a descending RSI.
You'll notice the descending RSI is coupled by a rising price. Which I believe details that while price rises the trend is waning as bears begin to win as they do once a price increase is reaching its end.
But I'm not a day trader. So not financial advice.
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.