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🔥 Bitcoin Stochastic RSI Is Signaling DANGER - Monthly View!
While BTC is seeing a surge in the short-term, the longer-term timeframes are telling a different story.
As seen on the chart, the Stochastic RSI on the monthly has confirmed a change in direction from bullish to bearish. I'm aware that not every Stochastic RSI cross will signal a bearish period, but the last three times that the fast line has crossed the slow line above 70, it has signaled the end for the bulls in a longer-term period.
Do you think BTC's top for the year is in, or are we going to see new highs soon? Share your thoughts 🙏
As seen on the chart, the Stochastic RSI on the monthly has confirmed a change in direction from bullish to bearish. I'm aware that not every Stochastic RSI cross will signal a bearish period, but the last three times that the fast line has crossed the slow line above 70, it has signaled the end for the bulls in a longer-term period.
Do you think BTC's top for the year is in, or are we going to see new highs soon? Share your thoughts 🙏
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