We can see that once monthly RSI >96 , btc dropped about 67-68% from its peak on the next month.
If this pattern repeats , btc will drop to $6000 on January.
You may think that there is insufficient bad news like MT GOX to cause a crash , but I can tell you news could be manipulated by some financial predators and everything is possible.
Mind your risk.
If this pattern repeats , btc will drop to $6000 on January.
You may think that there is insufficient bad news like MT GOX to cause a crash , but I can tell you news could be manipulated by some financial predators and everything is possible.
Mind your risk.
Comment:
Trade active
Trade closed: target reached
This will be the first cross since September.