CryptoManiac @CryptoM69152861 - Twitter Profile

3D RSI & PA - An Observation 🔍 📊Maybe unknown to some of you but RSI is one of the few oscillators you can actually do "TA" on and that's worth watching. You should mostly use it in HTF (1D, 3D, 5D, 10D, 1W, 2W, 1M) if you are looking for direction but you can also use it in 4H TF if you are looking for an entry or an exit when the market is already trending in the LTF. ✍️I could create an educational thread about RSI if there's enough interest, but for now, I'll focus on the current situation: - As you can see, in the picture below, RSI-43 level on the 3D Chart has held as support during the 19.5k lows and the first time we hit the 25k lows back in 2023. - In September 2023, we saw the RSI drop below its support level and then move back above it, which is typically a bullish sign. Interestingly, this happened while the price was just around 25k. Someone only looking at the HTF price action might not have seen bullish signals until the price broke above 30k. However, using the 3-day RSI (a relatively high time frame for RSI analysis) provided us with early bullish context as soon as the price reached 26k. - Obviously we had other bullish factors (BTC Spot ETF frontrun) but If you've been trading long enough, you should understand that technical setups set the stage for market moves, while news merely provides the market with a reason to execute those setups. - After that price went on a massive rally, deviated above RSI-70 and saw a deep correction whenever we had a bearish retest of RSI-70 level. Keep that in mind, we'll need it in a bit. 🧩Why I Believe the Market Bottom is In: - [Support at RSI-43]: Every time the price attempted to drop lower, the 3-day RSI held firm at the 43 level, acting as a support. - [Divergences]: While the price has been setting lower lows, the RSI has been forming higher lows. This pattern of bullish divergence on higher time frames (HTF) is significant. - [Breakout from Compression]: Most crucially, the 3-day RSI has broken out from its recent pattern of lower highs and higher lows, which began on May 18. It's now poised to close with its highest peak since March 10, indicating a potential trend reversal. 🗺️The Path Ahead: - [Bears' Battleplan] 🐻 We have a higher high on the RSI but we do not yet have a higher high on the Price; That makes me believe the Bears are going to try and defend the 65k area as well as they can. As a result, I'd expect us to stall here or even see a correction. - [Bulls' Battleplan] 🐂 Bulls need to defend RSI-50 on the 3-day chart; RSI-50 is generally considered an inflection point for the markets. Check enough charts and you'll notice price is typically trending upwards when RSI is ranging between 50-70 and downwards when RSI is ranging between 50-30. - [Upside Targets] 🎯 If bulls win (GO TEAM BULL!) then my best advice would be to sit on your hands at least until 3-day RSI hits RSI-70 level. I don't see any reasons to sell before that and there's actually a good chance we go straight above RSI-70 level like we saw in October-2023 and February-2024. If you made it to the end of this long read, thank you very much! 🙏 I enjoy blending educational content with market predictions, providing a detailed walkthrough of my thought process. If you find this approach valuable: -💜Like this post to show your appreciation. -🔁Share or Retweet it to spread the insights. -📝Comment with your thoughts or questions. Your interaction is the best feedback I can get, encouraging me to continue investing time in these detailed analyses.