ICP and Others 1D RSIICP / TetherUSBINANCE:ICPUSDTwildboar8Let me be clear, alt’s are not doing anything they’re suppose to be doing as per past cycles for a lot of reasons. I think these include there’s just to damn many of them, there is not going to be a parabolic phase this cycle, and many retailers got lost in the shit for brains meme market. Unless you bought alts months/years ago the hold option is not an option. You have to play the alts as a swing trader at best, getting in for weeks/months and getting out, take your profit and run. How do you do that? One method I suggest is buy at the RSI daily low when a bullish divergence shows and sell at the RSI daily top range when a bearish divergence shows. Simple eh. So in this post I’m looking at 1D timeframe RSI which I’m a big fan of always using RSI with my forks, cycles and Elliot ta. Remember, presently, alts are going to do nothing until BTC finishes its sideways downward pa (see my previous posts about BTC) and, market cap starts upward trend again. Having said that… Looking at ICP, you can see RSI bottomed 06Feb25 (just a few days after that wicked wick on the 3rd. Since then pa has fallen yet RSI has risen and indicates a definite bearish divergence. PA could even drop some more, which I think it will because BTC’s not finished yet, and I believe the RSI will still be above the bottom of 06Fed continuing the bearish divergence. A good possible candidate for when things start an upward trend. Other alt’s that I’m seeing the same RSI divergence action are PHA, ILV, SUPER, CRV, GALA, WIF, AVAX, ALG, HBAR, AVAX, BEAM FIL, IMX, ADA, RENDER, MUBI, MAVIA, MYRIA, VRA, ORAI, AIOZ and PYR. Surprisingly, I don’t see this on BTC, ETH or SOL. Anyway, although as I said, I don’t think we’re going to see an alt rally as in the past, these alts might be ones to watch for some decent action “when” BTC gets it’s shit together and runs. My thoughts, not financial advice Oklah. Cheers