BTC/USD "Long" term view

17 ก.ค. 2019

Just a simple observation of monthly BTC chart with RSI plotted with 12 month EMA.

Monthly RSI/EMA cross doesn't seem to pick perfect bottoms/top, however it appears to show early confirmation at critical points in major trend change. I first noticed this cross in mid April 2019. At the time i was skeptical of the recent Bitcoin pop to the upside and this observation helped me to overcome my bearish bias at the time. Currently I am very interested to see how this chart plays out with the current pullback we are experiencing. If the EMA holds the RSI on a retest, then this could be very bullish. Only other time in Bitcoin history to compare that to would be January 2016, then another retest in March 2016, then lift off.

Anyway, this is my first published idea on Tradingview so go easy on me. Also, wanted to tag Sawcruhteez since i am a big fan of your and Tyler's work, and thought you may find interesting as well.

~ SchamBTC