Be careful of the RSI level 90
BTC/USD is very close to the RSI level 90 (88 at the moment).
The 2 previous times it reached this level, we saw big drops in the price the following weeks :
1) In June 2017 -37%
2) In December -68%
In my opinion if BTC reaches RSI 90 soon, it can :
1) Do the same as the two previous times and see its price decrease a lot in the following weeks
2) Break out of the RSI 90 level and go even higher : in November 2013 it reached 95
I think it's a good idea to keep eyes on the RSI level in the next weeks
The 2 previous times it reached this level, we saw big drops in the price the following weeks :
1) In June 2017 -37%
2) In December -68%
In my opinion if BTC reaches RSI 90 soon, it can :
1) Do the same as the two previous times and see its price decrease a lot in the following weeks
2) Break out of the RSI 90 level and go even higher : in November 2013 it reached 95
I think it's a good idea to keep eyes on the RSI level in the next weeks
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.