BITCOIN: on RSI and Stochastic RSI by toofasteddie

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bitcoin · @toofasteddie · Oct 12 '18

$2.07

BITCOIN: on RSI and Stochastic RSI

Market continues its Bearish trend not only for BITCOIN also for the main indexes as  DOW and S&P500 .
On its travel along the Bearish wedge the Stochastic RSI has crossed the lower limit in many occasions at the Daily Chart but only when the RSI touched the "oversold" limit, BITCOIN has rebounded upwards with a sustained move.

![](https://cdn.steemitimages.com/DQmfZeKUDBdrocfikH4MNUoNde43bFjrN6AzPiK2DjaZ1R8/image.png)

Today, Stochastic RSI indicates an "oversold" condition but RSI still have to drop further to reach that point:

![](https://cdn.steemitimages.com/DQmXBQFRU3jAYNTMMM7w6EbWzTGS1NBFs3bU1wd5JdN753z/image.png)

BITCOIN is going to fall lower, maybe moving with an agonizing decay sideways, searching for a solid support, perhaps at 5850$ (C) which would draft a nice "Double bottom" on which rebound.



@toofasteddie

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**Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself  is responsible of any of your profit/losses obtained as a result of this information.*

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👍 anotherjoe, timm, argon, cryptokeepr, workin2005, escapeamericanow, matthewwarn, scorer, wrecktangle27, calatorulmiop, thenextbeanthing, cstrimel, maarnio, sbi3, lauriki, runningproject, beiker, amico, shanibeer, plantstoplanks, chelsea88, run.vince.run, thecrazygm, timm-caja, byebyehamburgers, mitrin, primersion, fortinbuff, torrey.blog, diverjoc, fcalabuig, akertxu, mirrored, cgolano, champagne9, pyroxenemogul, lestrange, dismayedworld, ermolop, juwelan, expatembassy, expat, wolfje

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@akertxu · Oct 13 '18

$0.02

Ya veo que no me he perdido nada en todo este tiempo... 

He estado haciendo un curro que me ha absorbido completamente y apenas he mirado el precio de Bitcoin en alguna ocasion. Hasta el martes o miercoles que por fin acabare, no voy abrir el tradingview... De que se habla mas por ahi, de romper los 5800 y caer, o de romper por arriba y pegar un buen meneo?

👍 toofasteddie

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@toofasteddie · Oct 13 '18

Hola @akertxu !
Ya creí que te habías largado del planeta ;-)

A nivel sentimental la cosa esta mal... Yo sigo pensando que hay que volver a tocar suelo alrededor de 5800$ pero hay mucha gente que espera entrar muy por debajo, algunos en 3000$... me cuesta creelo porque creo que los que quedamos por aquí somos los 4 traders y los grandes whales... caer a 3000$ es como si todo el mercado de crypto dividiera entre dos su capitalización...

👍 akertxu

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@akertxu · Oct 13 '18

Jejeje sigo en el planeta sigo... Pasa que el tiempo del que disponia cada dia no me da para analizar, comparar con otros y operar en condiciones. He dejado totalmente todo aparcado y hoy solo he entrado aqui en Steemit apenas a echar un vistazo que panorama habia.

...Y estoy de acuerdo contigo totalmente, me parece que esos 3000$ no tienen sentido. Se ha hecho una limpia de un huevo gente que ha vendido y/o abandonado incluso este cryptomundo y ponerse a vender a estas alturas no tiene mucho sentido. Yo hace unas semanas antes de dejar todo esto de lado, estaba con la idea de que habia muchas posibilidades de caer a 4300$ fuera por un camino o por otro, pero ahora tendre que situarme y ver el contexto del mercado para ver si retomo esa idea o no.

Un saludo y a ver si por fin la semana que viene puedo volver a ponerme el chip en modo on &#128513;

👍 toofasteddie

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