coin8300

If You Sold At 70 RSI During Last Cycle You Made 5% Of Upside

BITFINEX:BTCUSD   Bitcoin
This is irrelevant for the current situation as the RSI looks quite good on all time horizons. But this is just a reminder going forward that the RSI is not everything when it comes to Bitcoin. When momentum hits BTC tends to know no bounds. The largest bull runs in Bitcoin (and almost all the gains up) during the last cycle occurred when the RSI was over 70 on the 5-year time horizon (in traditional markets this signals thats its overbought). If you had sold out when it hit 70 your gains would only be approximately 5% of the run to 20K. Just something to think about going forward. Hold your stacks! Cheers.
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