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
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.