Quote from: Pipdips on September 29, 2019, 02:06:27 PM

Quote from: adamlillian on September 28, 2019, 07:10:02 AM

RSI has been around since Bakkt rekt. signals that speculators are trying to sell panic to avoid risk to them. That happened when Bitcoin's Bakkt failed and the hashrate plummeted. We can see Bitcoin's reign slowly weakening and it will soon be defeated by something better. Bitcoin is continually breaking its bottom and this decline will continue.

So the meaning of everything said here is: we are now, for sure, in a bear market... Undecided

The direction of the RSI has been in contradiction with the price movement.

And I've got the Crypto Winter Blues...

We are definitely in a downtrend on the daily and weekly time frames. I still think we are in a broader bull market though. We still haven't reached the 0.618 retracement of this year's rally ($7,200s) which would constitute a typical pullback.

If we reach sub-$5,000 levels, it'll start looking like a bear market.