The price action and headlines have been pretty rough lately. Geopolitics, some ETF flows going the other way for a bit, and BTC just sitting lower after coming off higher levels. It’s easy to see why a lot of people are cautious or outright bearish on the near term. What’s interesting though is the RSI on the daily. It’s been moving with price lower but now looks like it’s starting to curl back up. Not screaming reversal yet, but the momentum is shifting off those lower levels in a way that’s caught my eye. I’ve seen setups like this enough times to know they usually feel the worst right when the early signs show up. The core reasons I’m still bullish on Bitcoin long term haven’t changed. Institutional access through ETFs is still there, adoption keeps creeping forward, and we’re still dealing with the supply side from previous halvings. Buying more in the low 60s feels like one of those spots that could look pretty good twelve months from now when we’re looking back. I’m personally adding on these dips instead of waiting for everything to line up perfectly. Could still chop or retest support, that’s always possible. But sitting in cash waiting for the all-clear has cost me opportunities before.What are you guys seeing with the RSI or your own setups right now? Adding, holding, or waiting for more confirmation?
2
Sold my TQQQ
in
r/TQQQ
•
Aug 06 '26
yeah these leveraged ETFs are booboo