#Bitcoin and RSI Moving Average

Hi everyone,

Thank you for considering reading my idea.

I plotted the price action when the RSI (white line) is above the RSI Moving Average (yellow line). When it's above, I added green boxes, else red boxes.



This week, we are above the RSI-MA. We still have 3d 13h before the weekly close (as of this posting).

Hold your horses! Just because we are breaking out the RSI-MA, doesn't mean we are going to get new ATH. What happened during 2014 and 2018?



This also aligns with our Bear Market Patterns :) See related ideas below.

Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA . TAYOR. DYOR.

Cheers,
Juvs