StackSats on Nostr: I rarely post technical content, as I prefer focusing on #Bitcoin fundamentals rather ...
I rarely post technical content, as I prefer focusing on #Bitcoin fundamentals rather than price movements. However, the current technicals are aligning to form an extremely bullish outlook.
The weekly RSI level has often acted as a support/resistance level in Bitcoin's history. Additionally, miner capitulation is underway, which is usually followed by a hash ribbon buy signal - a historically strong indicator. There's also potential bullish divergence on both the weekly and monthly charts. Furthermore, the monthly chart is just holding above the last cycle's all-time high (candle closing, see second picture).
Those selling now will likely regret it in a few months.
Published at
2024-06-25 11:15:08Event JSON
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"content": "I rarely post technical content, as I prefer focusing on #Bitcoin fundamentals rather than price movements. However, the current technicals are aligning to form an extremely bullish outlook.\n\nThe weekly RSI level has often acted as a support/resistance level in Bitcoin's history. Additionally, miner capitulation is underway, which is usually followed by a hash ribbon buy signal - a historically strong indicator. There's also potential bullish divergence on both the weekly and monthly charts. Furthermore, the monthly chart is just holding above the last cycle's all-time high (candle closing, see second picture).\n\nThose selling now will likely regret it in a few months. https://image.nostr.build/2cf2f853f89fbfc9280827e6a2b4827a794f6eb3791595c22dc2b53969f6ff41.jpg https://image.nostr.build/b610de02c5944898cbd35d10e79f03fe4522eecb4fb2d36467db9e6dc6e6e6bb.jpg ",
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