Bitcoin’s Unusual RSI Dip and What It Means – Plus a Controversial Trading Offer

Introduction

The video opens with a dramatic claim: Bitcoin has performed a move it hasn’t shown since 2020, a rarity in the last five years. The presenter immediately pivots to a sales pitch, promising buy‑and‑sell alerts, profit recovery, and a free year of live trading sessions for those who act quickly.

Recent Bitcoin Move

• Claimed event: A “crazy” market action not seen since 2020.
• Narrative: The presenter suggests the market reacted in an unexpected way, creating a sense of urgency for viewers to capitalize on the moment.

RSI Analysis on the 2‑Hour Chart

• Focus: The Relative Strength Index (RSI) on a 2‑hour Bitcoin chart.
• Historical dips: The RSI has entered a low‑fear zone only five times:
• 2011 – absolute market bottom.
• 2015 – near‑bottom, shortly before the bottom.
• 2018 – absolute bottom.
• 2020 (COVID crash) – a “fake‑out” that turned into a rapid rally.
• 2022 – again at or just before the bottom.
• Interpretation: Four of the five dips coincided with market cycle bottoms or the moments just before them. The 2020 dip is labeled an outlier that fooled many traders but ultimately led to a strong rebound.
• Current stance: The presenter asserts that today’s RSI dip is not at a market bottom nor immediately before one. He emphasizes uncertainty, stating the market is “right below certainty” and warns against assuming a bottom is present.

Trading Philosophy Highlighted

• Contrarian approach: “Go against the herd” when RSI shows extreme fear.
• Long‑term focus: The speaker claims to care more about the next 10 years than short‑term price moves.
• Data‑driven: Emphasizes historical patterns over speculation.

Promotional Offer & Testimonials

• Service: “Steve’s plan” – a bundle of indicators and live trading sessions.
• Testimonials (quoted in the video):
• User up $32,000.
• Another user achieved 100%+ gains.
• Claims of $50,000 profit in one week and $70,000 profit using the indicators.
• Incentive: Sign‑up now to unlock one year of free Bitcoin and altcoin live trading sessions.
• Urgency: Repeated warnings that the sale is ending soon.

Humanitarian Angle

• The presenter offers free or discounted access for:
• Single parents, veterans, disabled individuals, people in financial hardship, or residents of less‑fortunate countries.
• Viewers are instructed to email [email protected] with their situation.

Disclaimer & Skepticism

• The speaker admits that no one can predict the exact market top or bottom.
• He stresses that the analysis is based on historical chart data, not crystal‑ball predictions.
• The repeated “time is running out” language underscores the sales‑driven nature of the content.

Key Takeaways from the Analysis

• RSI dips have historically signaled market bottoms four out of five times.
• The current dip, according to the presenter, does not align with those past bottom patterns.
• Traders are encouraged to act contrary to market fear, but the presenter admits uncertainty.

Call to Action

• Buy the indicator bundle or email for assistance if you qualify for a discount.
• The video ends with more testimonials and a final push to “take the leap” and change your financial life.

While the presenter highlights a historically rare RSI dip and argues that most past dips coincided with market bottoms, he ultimately claims the current dip is not a bottom and urges viewers to adopt a contrarian stance. The core of the video, however, is a high‑pressure sales pitch for a paid indicator service, bolstered by testimonials and promises of free live‑trading sessions for a limited time.