- it's a buy on dips. no short sell - RSI 84... overbought... needs to either break it or cool down...sideways to lower bias - 11700 should hold on daily for momentum to continue - resistance at 12800 tested.. need to see - Shorts on bitfinex have fallen considerably. sign for market topping out for some time - funding on bitmex has reduced to 0.01 from 0.26 % within a span of 3-4 days.. shorts would automatically fall down
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as predicted, BTC corrected sharply soon RSI reached 84 levels confluence with BTCUSD reaching resistance levels. Check my latest idea on BTCUSD for next leg