TradingView
Tessellated
May 13, 2021 12:32 AM

Overreaction to Tesla and rock-bottom RSI 

Bitcoin / United States DollarCoinbase

Description

Pretty self explanatory. Seeing RSI at this level (16) is very rare, so i'm willing to take a big long here without much thought. IMO, the Tesla reaction in BTC markets is extremely emotional and blow out of proportion. Reason will flow in after impulse.

Trade closed manually

Going to take caution here and accept the small profits made. We didn't have as large of a bounce as expected and negative sentiment is compounding for now.
Comments
Hapster1966
Elton Musk has made his profit and taken it. now drives price low to go again,whale style..
Tessellated
@Hapster1966, Doesn't take away from the TA :D There is a whale pushing either direction at any point on the chart
greenpasture936
Can hardly wait for the gap down in the morning.
More