Post
Topic
Board Trading Discussion
Re: Bulls need time
by
LUCKMCFLY
on 14/04/2019, 13:30:06 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

Well I have a different perception to what you speak, I never use the RSI, it is a good indicator, but I do not trust, I believe that the market moves a lot by the emotions of the operators, or what they cruelly call the LAW OF THE OFFER- DEMAND, the Bulls always execute their plan of action, they usually have a lot of time to make their movements, since they have time and money, they can protect their positions because of it. According to analyzes based on Wyckoff's theory, we are currently in a market whose phase is Accumulation, and at some point we will have the Bullish trend phase to reach the Distribution phase since it is the best phase to sell.