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RiskCity

Just a heads up what I'm seeing

Short
Bitcoin (BITSTAMP:BTCUSD)  
RiskCity Updated   
BITSTAMP:BTCUSD   Bitcoin
BTCUSD Relative Strength Index (RSI)
18
17
btcusd relativestrengthindex
According to previous behavior in 2013, I'm expecting a dip. RSI has been +69.1 for 6 weeks now, just like in 2013.

Lowest point will be around 750-1300.

Comment:
Here is my update on how BTC could drop.

snapshot
Comment:
As long as hourly chart struggles with the RSI red line, BTC will stall/dump.
Comment:
Chart for previous update.

snapshot
Comment:
Second attempt, note how the RSI is still above 50, so that's a bullish sign.
snapshot
Comment:
Keep an eye on this resistance on the hourly chart:

snapshot
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