I was looking at the 1 Day RSI with the Bitcoin Chart on TradingView, and noticed that Bitcoin has NEVER crossed the Lower RSI without proceeding with at least a 120% gain in the following ~48 to 90 days. Call me crazy, but this is ABOUT TO HAPPEN AGAIN.
I know, I’m a bull, but this is historical data and I’m going to believe it as long as it stays true to the charts.
Here are the pictures, please ask questions if you have any.
August 25th, 2015 --> August 2nd, 2016
August 2nd, 2016 --> September 1st, 2017
September 1st, 2017 --> February 11th, 2018 (that’s today for you noobs)
I hope this post was helpful and exciting and encouraging! I was so excited to see this trend that I just had to share, and I was very pleased by what I discovered.
History repeats itself guys. We all believe in bitcoin, that’s why we all are in the pub.
I’m looking forward to see how this plays out. Let me know what you’re thoughts, ideas and questions are!