Bitcoin still a good buy in the short-term.
Rsi showing showing 51 on 12-hour candle.
Rsi of 50 is average climb.
This would signal a buy with the top being just over $2500 then a return downwards with the bottom at $1900 if it closes below fib retractment levels move down and $1500 will be the new bottom then return to upward mobility and the start of the Mega-bull
"Failure to take advantage of a serendipitous act of good luck in the stock market is often a mistake"-
Quote from the greatest trader of all time Jesse Livermore
hi i have selected your post on the PAL discord upvote room and upvoted it
thanks much appreciated
This post received a 4.0% upvote from @randowhale thanks to @gwapology! For more information, click here!
Thanks for your update.
I would challenge you to beat any Back testing model, With the RSI.
The RSI is completely based off PAST TRADE data. And the efficent market hypothosis says that all available data is already priced in. I dont believe in TA at all, And while I have to Agree the RSI is correct more often then the rest of the TA tools..... Its still just a window treatment for the chart...
Does this prove the accuracy of indicators used at the time?
Charts Date is from the 18th to the 25th July.
Time of posting price $2162 to current $2767
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thanks for share
Thanks very much for the info. I moved a bunch of different coins into BTC a few days ago when it hit bottom and have done pretty good from this, though in truth they are all rising back up.... for now!
Am going to publish an article today (if time permits) on what I learned last night a the meet-up regarding the many problems that BTC faces now. This is going to be a very interesting few weeks for sure!
your welcome!
yeah,im surprised too that so many rise with BTC you would think they would fall as BTC rises, i guess it just shows how strong the crypto world is and not just Bitcoin.
Nice one :) looking forward to it.
All of the ones i have read so far are really good!
I particular like the Steemit tutorials,they have helped me learn a lot and better my Steemivity.
Great post , thank you so much
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