Savvy

altFINS

Bitcoin

Momentum

<p>Experienced investors often find comfort and clues in certain patterns and tools that have proven useful over time. One such tool, which has been consistently reliable yet sometimes ignored, is the Monthly Relative Strength Index (RSI).</p>
<p>According to an analysis on <a href="https://www.tradingview.com/chart/BTCUSD/0Jbi18eF-Bitcoin-Secret-Trading-Pattern-Revealed-Long-Term-Growth/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>, the monthly RSI has been steadily following a long-term pattern that moves up and down, offering an interesting look into the possible predictability of Bitcoin’s price changes.</p>
<h2 class="wp-block-heading" id="smart-moves-for-long-term-investors">Smart Moves for Long-Term Investors</h2>
<p>Big investors and long-term holders have been using this up-and-down pattern to smartly choose when to enter and exit the market. It’s important to remember that sometimes the most effective strategies are also the simplest.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="412" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-339-1024x412.png" alt="" class="wp-image-355169" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-339-1024x412.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-339-300x121.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-339-768x309.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-339-1536x618.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-339-2048x824.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-339-373x150.png 373w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-339-100x40.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-339-870x350.png 870w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-339-788x317.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-339.png 1598w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Here’s the summary of the&nbsp; strategy:</p>
<ul>
 <li><strong>Buy Bitcoin</strong> when the monthly RSI hits the bottom green area.</li>
 <li><strong>Sell Bitcoin</strong> when the monthly RSI reaches the top red area.</li>
</ul>
<p>Looking at past data, this strategy works well. If you had followed this method in the last few years, you would have bought Bitcoin at about $3k, sold it at around $60k, and bought it again at about $17k!</p>
<h2 class="wp-block-heading" id="bitcoin-btc-technical-outlook">Bitcoin (BTC) Technical Outlook</h2>
<p>Bitcoin, a popular cryptocurrency, has been bouncing between two price levels: $25K and $28K. The $28K price is acting like a wall, stopping Bitcoin from growing past it, just like it did in September. Now, we’re watching to see two possible things: 1) if Bitcoin can break through that $28K wall and start going up again, maybe reaching $30K, or 2) if it falls back down near $25K, which might be a good time to buy in again.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-340-1024x573.png" alt="" class="wp-image-355177" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-340-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-340-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-340-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-340-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-340-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-340-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-340-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-340-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-340-788x441.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<h2 class="wp-block-heading" id="what-s-the-trend">What’s the Trend?</h2>
<p>Right now, it’s a bit of a mixed bag. In the medium term, the trend is neutral, meaning it’s pretty stable. But if we look at the short and long term, it’s in a downtrend</p>
<h2 class="wp-block-heading" id="watching-the-momentum">Watching the Momentum</h2>
<p>Right now, it’s giving us mixed signals. The MACD line is below the signal line, which usually means the price might go down, but the RSI is around 50, which usually means things are neutral. Also, we’re keeping an eye on certain “support” and “resistance” zones (prices where Bitcoin tends to bounce up or down) which are $25K and $28K respectively, with a few others to watch if things change.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/how-bitcoin-btc-whales-and-savvy-investors-are-building-long-term-wealth-using-this-rsi-trading-strategy/">How Bitcoin (BTC) Whales and Savvy Investors Are Building Long-Term Wealth Using This RSI Trading Strategy</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

How Bitcoin (BTC) Whales and Savvy Investors Are Building Long-Term Wealth Using This RSI Trading Strategy

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