See history of BTC using BLX charts. Whenever it gets near the 55-57 RSI on weekly it dumps hardcore in bearmarket.
You can clearly see it is being consistent after 5 year.
Notice it always dumped first when it got near the RSI 55-57 before it tried to rally and end the bearmarket.
dont long this RSI. if your hand is itching to buy just wait for retrace then gamble your money. but longing RSI with massive resistance is just stupid.
remember ladies, don't long resistance and don't short support.
You can clearly see it is being consistent after 5 year.
Notice it always dumped first when it got near the RSI 55-57 before it tried to rally and end the bearmarket.
dont long this RSI. if your hand is itching to buy just wait for retrace then gamble your money. but longing RSI with massive resistance is just stupid.
remember ladies, don't long resistance and don't short support.