Something interesting going on in BTCUSD. We may actually see the bottom soon. If the historical price action is right, then we are in the last leg of the bear market. I could be wrong but this is just my observation using technical analysis. Go see for yourselves.
1. June 2021, MACD EMA crossover
2. Breakout of RSI soon followed.
3. July 2021, RSI found support in the 35 area
4. A micro MACD EMA crossover followed.
5. January 2022, MACD crossover.
6. RSI Breakout soon followed.
7. The MACD crossover recently occurred.
8. RSI had a breakout.
If this is right, I would like to see the RSI touch the 35 areas again at the same time while the MACD crossover is still intact.
This is just an observation from a technical standpoint. Let me know your thoughts, I would like to hear them!
1. June 2021, MACD EMA crossover
2. Breakout of RSI soon followed.
3. July 2021, RSI found support in the 35 area
4. A micro MACD EMA crossover followed.
5. January 2022, MACD crossover.
6. RSI Breakout soon followed.
7. The MACD crossover recently occurred.
8. RSI had a breakout.
If this is right, I would like to see the RSI touch the 35 areas again at the same time while the MACD crossover is still intact.
This is just an observation from a technical standpoint. Let me know your thoughts, I would like to hear them!