Today’s $BTC vs $AVAX
#Bitcoin
📉 DAU down -10% below 1m
📉 RSI down to 77.23 (still overbought, but a more tame value)
📊 Minimal social movement
#AVAX
📊 DAU unchanged
📊 RSI stagnant at 0.05 — extreme Oversold conditions (indicating undervalued)
📊 Minimal social movement
$AVAX RSI remains extremely low at 0.05 indicating OVERSOLD conditions… couple with 90k daily active users (only 1/10 than $BTC DAU but AVAX has 1/100 the MC 👀)
$AVAX price has been relatively stagnant but given the above reasonings + favorable macros. Price is expected to 📈
Low RSI’s are never wrong 😤 #avax starts it’s climb and holds onto a low RSI… that means we can expect a continued climb 📈 this is even better news for #traderjoe
Good indicator for #AVAX🔺 to go up in price. Our calculations given this data have the increase at over 10% bump in the short term. #crypto#cryptostats
You can get these stats on your Home Screen —> download @Cryptowidgetpro with link in bio or search:
#AVAX’s strong RSI (0.05) coupled with:
+ Strong DAU
+ Strong Macro Conditions
Means that #avalanche is OVERSOLD right now with favorable conditions…
That’s a good indicator for…
#AVAX Daily Active User counts are UP considerably (peep news linked in @Cryptowidgetpro) which is very encouraging given the comp to #btc which is DOWN day over day -10% DAU. ALSO - #Avalanche RSI remains incredibly low… meaning OVERSOLD.
🧵Super quick thread (1/3)…
#BTC daily active users have dropped over -10% in the last few days — but so has RSI… what does this mean?
#Bitcoin is STILL in OVERBOUGHT conditions but that is coming down from very high 90+ RSI’s seen 2 days ago.
…nobody cares about RSI until they see how impactful it is!!!
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5/
#AVAX should right-size with an upward increase in price and #bitcoin should right-size with more downward pressure on price over the next few weeks.
There are not going to be momentous changes, but +-10% short term gain and losses are expected.
ALSO —>
🚨Bitcoin’s RSI increased day over day from 80.5 to 90.23 — this is a strong signal for OVERBOUGHT conditions
🗞️ As Bitcoin fights to stay above $30k the rest of the market is bleeding
➡️ Track these stats every day on your iPhone with the @Cryptowidgetpro app!
#bitcoinnews
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