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Bitcoin
Short
Updated

Just a heads up what I'm seeing

993
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
RiskCity
Also on:
BTCUSDRelative Strength Index (RSI)

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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.
BTCUSDRelative Strength Index (RSI)
RiskCity
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.