EhhEhhRon

Upcoming Stochastic RSI Cross (Weekly)

Long
COINBASE:BTCUSD   Bitcoin
We are on the verge of a bullish cross on our weekly stochastic RSI. As you can see, this cross is always followed by a relatively large movement in bitcoin over the following week(s). IMO, we won't see massive bull run like gains....but we could see an easy 30%+ gain similar to October 2019 (green arrow). Similar to that time period, I think we have a short cool down before another cross that leads us to the promised land. Remember though...these are weekly candles. If you were to look at a lower time frame, there is quite a bit of volatility within these candles and you should manage your risk accordingly.
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