Is this too obvious?

118 viewsGeneral Discussions

Is this too obvious?

My approach is very simple.

I look at Bitcoin on the weekly timeframe. I focus mainly on the weekly RSI.

Historically, Bitcoin’s weekly RSI almost never goes below 30. When it does, it has only happened near major cycle lows. These moments usually come after long bear markets, heavy sell-offs, and extreme negative sentiment.

I do not try to pick the exact bottom. When the weekly RSI goes oversold, I expect time and sideways movement first, not an immediate rally.

My strategy is to watch for momentum exhaustion, then wait through accumulation, and only get more aggressive once structure starts to improve over time.

In short

I avoid headlines

I avoid short timeframes

I watch the weekly chart

I wait for patience to be rewarded

It’s not about predicting tomorrow. It’s about positioning for the next cycle.

Praveen Gunawardena Answered question
0

Writing is not my strong suit so I use AI to assist me with my writing. But the Strat is mine.

Praveen Gunawardena Answered question
0

This strategy is better than what most people do which is buy on FOMO so not bad

Cinthia ETH Answered question
0