J_M_RIN
commented on a stock · Oct 18, 2024 15:34
From the mentor's perspective in steel (⚈ ̍̑⚈͜ ̍̑⚈)✨
The daily MACD continues to trend upwards after a golden cross, with RSI around 80 indicating short-term overbought levels. However, bearish divergences compared to stock prices are not observed. In strong times, bitcoin may create a trend that turns back to an upward trend around the daily RSI 50 level, so it is necessary to wait and see for now. The weekly MACD is close to a golden cross, with the RSI around 60 indicating no overheating in the medium term and still room for further growth. We want to see if the weekly RSI can continue to create an upward wave without falling below 50✨.
The completion of the cup handle is around $69,000, so if it clearly breaks out, it will be very exciting. It would be more reassuring to confirm whether it functions as support after a breakout and if adjustments occur. On a monthly basis, I will maintain a bullish stance on bitcoin until the MACD shows a dead cross. The RSI is around 60, indicating there is still room for further upward movement here as well.
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ゆーたーん : Well, seriously... I'm overwhelmed by this analytical power 🥹🥹🥹
J_M_RIN OP ゆーたーん : There are various methods of analysis, but if you can understand the medium to long-term trends as much as possible, you can remain calm without being flustered by short-term fluctuations. Since mine is just a prediction, please use it as a reference.
ゆーたーん J_M_RIN OP : I looked at the analysis of various people, and now I'm just imitating it!
Thank you for this kind of analysis