BitcoinDiupdate Bitcoin Top Approaching?
I don't usually rely on RSI data alone but found this interesting. Bitcoin tops over the last 8 years have been consistently formed around monthly RSI's near the 96 mark and this happened on 3 different occasions.
- April 2013
- November 2013
- December 2017
In August 2017 we had a mini-correction around 94 RSI before a full-blown reversal in December. With a current monthly RSI over 89 as we speak, it's interesting to see how we react to the same levels if & when we get there.
Worth keeping in mind for all you crypto fanatics.
- April 2013
- November 2013
- December 2017
In August 2017 we had a mini-correction around 94 RSI before a full-blown reversal in December. With a current monthly RSI over 89 as we speak, it's interesting to see how we react to the same levels if & when we get there.
Worth keeping in mind for all you crypto fanatics.
Catatan
We reached nearly 92 RSI before the recent pullback which revealed striking monthly candlestick similarities. Could this be it? March will tell but I do expect another retest closer to the highs atleast. 
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