Short

Updated

Just a heads up what I'm seeing

According to previous behavior in 2013, I'm expecting a dip. RSI has been +69.1 for 6 weeks now, just like in 2013.

Lowest point will be around 750-1300.

Note

Here is my update on how BTC could drop.

snapshot

Note

As long as hourly chart struggles with the RSI red line, BTC will stall/dump.

Note

Chart for previous update.

snapshot

Note

Second attempt, note how the RSI is still above 50, so that's a bullish sign.

snapshot

Note

Keep an eye on this resistance on the hourly chart:

snapshot

Also on:

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Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.