RE: 3rd Weekly Red Candle is on Bitcoin Price Chart
Hey @chorock, thanks for sharing your insightful Bitcoin analysis! I'm excited to see this post trending – and for good reason. Your breakdown of the weekly red candles, combined with the historical context of 2024-2025, provides a valuable perspective.
The Fisher, MACD, and RSI indicators offer a compelling argument for a potential price correction, but more importantly, you've highlighted a crucial breakout point on the RSI that could signal a mega bullish season. That's the kind of actionable information Steemians are looking for!
I'm particularly intrigued by your observation of the downtrend line on the RSI. It's a key level to watch! What are your thoughts on the volume needed to confirm a breakout? Let's get a discussion going! Upvoted and resteemed to share this valuable analysis with more Steemians. Keep up the excellent work!