After a wild week we are back around 11.2K. If you are following me you know I sold near the top and pick some up here. the charts are showing slightly more bearish signals and for the RSI to reset to lower levels after its high we may see BTCUSD head down to 10K, 9K at the lowest. This is where I will be picking up more to add to my longer term portfolio if we arrive there this week. If not, many more opportunities will lie ahead and picking up some at these levels would not be all that bad... a lot of people are waiting for 10K and sub 10K to get in. As you can see BTCUSD was highly overbought even on the weekly (bollinger bands) and it may return to these levels but I would not count on it as certain. Overall for this week however, my position is neutral. I believe we will see consolidation here at these levels. I will update here or create a new post if anything changes as with BTCUSD, it has a high chance to.
Comment:
Picked some more up here at 10.1K may not be the bottom but who cares I am long BTC at 10K!
