Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: sirty143 on April 14, 2020, 03:25:25 AM

Title: Bitcoin’s RSI Has Never Been this Weak Before a Halving
Post by: sirty143 on April 14, 2020, 03:25:25 AM

Bitcoin’s RSI Has Never Been this Weak Before a Halving

(https://s32659.pcdn.co/wp-content/uploads/2019/09/BIC_btc_parabolic-750x375.jpg.webp)

Bitcoin’s Relative Strength Index is currently sitting at levels never before seen preceding its halving. It’s unclear yet whether this might be a positive or negative forecast of what to expect next month... See more for yourself here (https://beincrypto.com/bitcoins-rsi-has-never-been-this-weak-before-a-halving/).

Your opinion is greatly appreciated.

Title: Re: Bitcoin’s RSI Has Never Been this Weak Before a Halving
Post by: monig18 on April 14, 2020, 04:43:14 AM

When market faces Fomo situation ,no indicator work perfectly.and When market stable all indicator works.

Title: Re: Bitcoin’s RSI Has Never Been this Weak Before a Halving
Post by: Alcor on April 14, 2020, 07:28:44 PM

According to the practice of the last two decreases in remuneration to miners in 2012 and 2016, a significant increase in the price of bitcoin occurs only within a year after the event to reduce the remuneration. Therefore, the growth of the cryptocurrency market is still ahead of us. Given that the world is in a very tough global economic crisis, this will be another good reason for the large growth of the cryptocurrency market.