@misterrcrypto Add the weekly RSI to this image and you’ll see a difference. The dip might go less deep I think. 68K, maybe a tier lower. Unsure but will be nice to see it unfold
I started building a $BTC position yesterday after selling december 2024. Reasons: it has become a world asset so it’s not going to 0. It’s near overbought territory on weekly RSI. Will buy more the coming months. Bottom will be below 68K so DCA
So you’re telling me that your not one bit worried that we’re at or near the $BTC top? I sold everything nov/dec last year, maybe too early but if I still had a bag i’d be selling parts of it now. Buying time is somewhere in May 26 imo
@TKralow Focus on making money from the bottom to 80% of the rally. DCA your way in. Don’t focus on the last 20% of ‘a cycle’. Emotions are too high, you’re getting too gready. Get out early and start preparing for the next bottom.
Look at how the weekly RSI of f.e. $SOL develops this cycle vs last cycle. RSI top is at the first top. Price goes higher but RSI doesn’t. RSI continues to make lower highs and so does the price. We’re also near the end of this cycle if you’re counting days. Manage risks!
If you bought $ETH here, you should at least be worried. RSI doesn’t go higher which you usually see in a bearmarket. Weekly price doesn’t seem to cross resistance. All bad so far
So you’re telling me that your not one bit worried that we’re at or near the $BTC top? I sold everything nov/dec last year, maybe too early but if I still had a bag i’d be selling parts of it now. Buying time is somewhere in May 26 imo
Sold all my alts back in december. Not the perfect top, but still pretty close. I’ll start buying again when weekly RSI of $BTC is around 35. Somewhere around 40K in May
Will it be different this time for $SOL?
Always remember, this market is extremely young so there are no guarantees whatsoever. Last cycle’s performance doesn’t matter. So don’t act on what you hope, act on what you see
Will it be different this time for $SOL?
Always remember, this market is extremely young so there are no guarantees whatsoever. Last cycle’s performance doesn’t matter. So don’t act on what you hope, act on what you see