Bitcoin Monthly | RSI and MACD (Enjoy The Altcoins While We Can) for BITSTAMP:BTCUSD by AlanSantana — TradingView
Let’s start with the MACD
This is the monthly timeframe so the signals here are “ultra” strong.
- We have a strong bearish cross that is almost impossible to delete in the short-term, it needs a long while to reset.
- We also have a red histogram.
The last time we saw these signals on the BTCUSD Monthly chart capitulation followed after 5 months.
Now the RSI
This is shown in the above chart.
BE PREPARED!
Make sure to prepare yourself.
Enjoy the bounce to buy as many altcoins as you want.
To diversify, to plan for the bad days.
The market always gives a second opportunity… This is third (3) one if you think that we hit $64,000 in April 2021, $69,000 in November 2022 and now we are seeing a small bullish wave…
Things will become euphoric soon, don’t get lost in the emotions.
Diversify, secure profits… be prepared!
Are you going to buy the drop?
Where will you place your buy orders?
I am thinking placing a few around $17,000, a few more higher and lower…
What about you, will you buy?
If yes, at what prices?
Feel free to share with us in the comments section below.
Thanks a lot for reading.
Namaste.