Weekly RSI Indicator of Bitcoin is Going Down for 504 Days

almost 2 years ago

This is the longest term in Bitcoin Price that weekly RSI Indicator is going down for 504 days. It went down for 365 days in 2018..

We are close to bottom after 9 weekly red candle.. It will probably go down to the oversold zone in weekly RSI Indicator..

Here is rainbow chart of Bitcoin price. After Luna Crash, Bitcoin price touched the bottom. In Covid Crash, Bitcoin price was oversold and recovered in a week. Maybe we will not see oversold zone in 2022...

So, 10th candle may be green in Bitcoin price chart after 9 weekly red candle...

We will see...

Posted Using LeoFinance ^Beta

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3 comments

@pixresteemer 71

almost 2 years ago

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almost 2 years ago

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@hivebuzz 74

almost 2 years ago

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