Post
Topic
Board Trading Discussion
Re: Bulls need time
by
BitcoinTurk
on 10/04/2019, 08:12:43 UTC
One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

I think it doesn't support your opinion with an explanatory or valid reason. I think that it is not the right decision to reach this conclusion by making only one indicator interpretation and it will not be very accurate in the desired result because it is very easy to leave many investors in the opposite corner with instant changes in this sector. For that reason, using only one inducer has been extremely erroneous to achieve this conclusion or to change the ideas of others with this result. On the other hand, although I argue that the bull period has not started yet, I would like to say that we can easily find out whether the bull period started or the period of the month continued by investigating the various factors. However, it is not necessary to use a single indicator to achieve this result, it is necessary to use various indicators and research through various sources.