Here is the reason why we needed a downtrend. Stock RSI was overbought at 100.
I have facts to believe this had to happen to reach 70k on a 1D TF.
Many might think but we’re headed down. I say we’re not because according to my analysis, there’s a BULL on the sidelines waiting for the STOCHASTIC RSI to give it its green light to start the RUN.
This BULL was ready since yesterday 8/25, we all saw that, yet we failed the RALLY because what did the STOCHASTIC facts read? 100
So BITCOIN had to downtrend and reads to repeat to 70k at its perfection like STOCH RSI history. It’s right before our own eyes, SEE for yourself. Bitcoin hit the BULL-EYE.
If the 1D TF fails the last BULL RALLY then I will question my BULL Stimulator and my pending BULL RUNS which had delayed in the past but have not failed.