Short

Just a heads up what I'm seeing

Updated

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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