Bitcoin Just Hit Oversold Levels After 9 Months: Hereβs the Real Signal
Bitcoinβs latest drop has pushed the 14-day RSI into oversold territory for the first time in almost a year. RSI runs from 0 to 100, and anything under roughly 30 shows the market is stretched to the downside.
With momentum this washed out, the market is positioned for either a short bounce or a pause before the next mov
Bitcoinβs latest drop has pushed the 14-day RSI into oversold territory for the first time in almost a year. RSI runs from 0 to 100, and anything under roughly 30 shows the market is stretched to the downside.
With momentum this washed out, the market is positioned for either a short bounce or a pause before the next mov
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People forget how crazy this space really is.
Weβre all trading something the world once called βinternet magic money,β and now itβs one of the biggest assets on the planet.
The ups and downs arenβt a glitch, theyβre the reality check.
They show who actually understands the game and whoβs just here for the hype.
When Bitcoin gets messy, the chances actually get better.
You donβt have to rush in or gamble everything, but you do have to stay awake.
If a dip makes you panic instead of think, youβre missing what this market is really about.
This volatility shakes out the tourists.
But the ones who stay calm through the chaos?
Theyβre the ones who end up winning. πͺ
Weβre all trading something the world once called βinternet magic money,β and now itβs one of the biggest assets on the planet.
The ups and downs arenβt a glitch, theyβre the reality check.
They show who actually understands the game and whoβs just here for the hype.
When Bitcoin gets messy, the chances actually get better.
You donβt have to rush in or gamble everything, but you do have to stay awake.
If a dip makes you panic instead of think, youβre missing what this market is really about.
This volatility shakes out the tourists.
But the ones who stay calm through the chaos?
Theyβre the ones who end up winning. πͺ
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The βsafeβ path doesnβt compound security, it compounds regret.
Calculated risks donβt compound fear, they compound outcomes.
Five years from now, you wonβt remember the excuses. Youβll remember whether you acted.
Choose now. Not later. Later is where potential goes to die.
Calculated risks donβt compound fear, they compound outcomes.
Five years from now, you wonβt remember the excuses. Youβll remember whether you acted.
Choose now. Not later. Later is where potential goes to die.
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Forwarded from Cryptoding 30 days trading challenge
Cryptoding 30 days trading challenge
Short anime in between $0.0068 to $0.0074 Use 2x to 4x leverage Take partial entries for better risk management TP - $0.0064 , $0.0062, $0.0060 , $0.0058
Tp1 completed π
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Forwarded from Cryptoding 30 days trading challenge
Cryptoding 30 days trading challenge
Short anime in between $0.0068 to $0.0074 Use 2x to 4x leverage Take partial entries for better risk management TP - $0.0064 , $0.0062, $0.0060 , $0.0058
Target 2 also completed β
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The weekly RSI is now around 35, which is really low and something you mostly see in bear markets.
Even strong coins are getting hit, and the whole market is just waiting for Bitcoin to settle and find a bottom.
And yeah, crypto can stay oversold for months, so it doesnβt mean things will bounce right away.
Even strong coins are getting hit, and the whole market is just waiting for Bitcoin to settle and find a bottom.
And yeah, crypto can stay oversold for months, so it doesnβt mean things will bounce right away.
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Crypto usually falls in two ways.
One is the long, painful crash that drags on for years. The other is a short dip that lasts a month or two and then recovers.
What weβre in right now feels more like the short dip. Weβre only down around 27 percent from the top, and itβs been about 40 days since that big October drop.
Things might feel shaky for a bit, but overall it still looks like a normal pullback inside a bigger uptrend.
Stay calm, stick to your plan, and let the market settle.
One is the long, painful crash that drags on for years. The other is a short dip that lasts a month or two and then recovers.
What weβre in right now feels more like the short dip. Weβre only down around 27 percent from the top, and itβs been about 40 days since that big October drop.
Things might feel shaky for a bit, but overall it still looks like a normal pullback inside a bigger uptrend.
Stay calm, stick to your plan, and let the market settle.
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#Bitcoin is now listed as one of the most important technological disruptions of the past 1,000 years
BULLISH ON ADOPTION
BULLISH ON ADOPTION
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π¨BREAKING: #Bitmine just bought $82 MILLION in ETH.
Tom Lee added another 28,625 $ETH ($82.11M) and now holds nearly 3.6M $ETH.
Tom Lee added another 28,625 $ETH ($82.11M) and now holds nearly 3.6M $ETH.
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