I also added RSI as indicator for this chart analysis on monthly basis.
If you follow these steps you will be able to make good moves in the Bitcoin market.
Sell near RSI 98.00
Buy near RSI 44.00
When the RSI touches 98.00, it's usually the best time to sell before the bull market ends When the RSI touches 44.00, it's usually the best time to buy before the bear market ends
Examples
If you bought when RSI touched 44.00 in 2015-01 - you would have bought at around 170 dollar
If you sold when RSI touched 98.00 in 2017-12 - you would have bought at around 20.000 dollar
If you bought when RSI touched 44.00 in 2019-01 - you would have bought at around 3200 dollar
If you sold when RSI touched 98.00 in XXXX-XX - you would have sold at ?
We are so early in this cycle!
Have a nice weekend and take care!
Best regards, Infib
Nota
Here is my older version of this analysis where i talk more about the Stoch RSI:
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.