BTC Testing Historical Weekly RSI Level

Updated

The last time BTC was this low on the weekly RSI was also the very beginning of that ancient recovery from the Mt. Gox fiasco. Also, when BTC last broke under this weekly RSI level, things got really ugly for hodlers and really attractive for buyers.

I am posting this because I'm interested in what you think, not because I claim to be mainlining the secret truth of the universe.

Share your thoughts <3

Note

BTC tested trendline from 2013 ATH for resistance and it was confirmed. now we watch and wait to see if she makes another attempt, hopefully with more volume this time. if the trendline is broken, I believe that would confirm a degree of coiled up bullishness, the likes of which we haven't seen since the end of 2016. cheers.

Note

THIS SEEMS TO HAVE WORKED OUT RATHER WELL INDEED

Razgreez

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