The #Bitcoin relative strength index (RSI) is useful in understanding the strength or weakness of #Bitcoin at any given time on various time frames. In this video we take a look at the daily, weekly, and monthly RSI of #Bitcoin and the general implications of this on various outcomes.
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divergence 101
imagine we go now under 30 and btc drop to 10k xD
Bottom is over fellas. Bears had a good run in 2022. Its over now.
Benjamin I am in need of one chainlink video to hold me over for the next few months. that will be all. thank you,
Price making lower low and rsi making higher low is called bullish divergence.
we need a look a the DXY 8).
Happy to hear the family gains went well ;).
congratulations 🙂
Looking at the macro perspective, the job market is very hot. Employers are raising wages to attract new talent and/or retain talent. Raising wages will cause the employers to raise product prices to maintain profit margins. Increased prices equals sustained inflation. Federal Reserve looks at that and continues QT and raising interest rates to take excess liquidity out of the market. And yes eventually, a recession will occur affecting all financial markets including crypto. So, I'm not buying a bullish trend reversal.
I'm hedged here and watching what happens next.
Maybe you were wrong about 6k and u wrong about 15.5 now
Awesome, thank you!
2023 bull market top is in lol
Wanna know what’s interesting? The yield curve typically inverts before markets peak. It was pretty late to the party this time or another way to look at it, the market absolutely front ran it due to the fed’s announcements and transparency. The discoverer of the inverted yield curve actually said despite the inversion, he’s a bit more skeptical of it this time around. Something to consider.
nice dinosaur drawing ben 🙂
Thanks BEN.
Excellent, thankyou!