Tag: j. welles wilder

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Bitcoin Weekly RSI Reaches Line Between Bear & Bull Market

January 23, 2023

Bitcoin price continues to push higher, leaving very few pullback opportunities thus far for those that failed to buy below $20,000. Price action on BTCUSD the weekly timeframe, according to the Relative Strength Index, has reached a critical line that separates bear market from bull market. Any higher, and crypto could experience a full blown…
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“Parabolic” Signal That Triggered Past Bitcoin Bull Runs Reappears

January 13, 2023

Bitcoin price made a 5% move today, poking above $19,000 momentarily. It is currently the largest daily climb of 2023 and since the FTX collapse.  More significantly, the sharp rally tagged a level that triggered a possible trend change according to the weekly Parabolic SAR. In the past, the technical indicator has lived up to…
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