Warning: monthly rsi in 2013 crash was 97, today is 96!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Although rsi is just one indicator we use when trading crypto, please take note of it right now.

In 2013 the rsi hit 97 twice on the monthly chart.

On both of those occasions a crash followed.

Right now the rsi is 96 on the monthly chart.

It could be a sign of bad days ahead.

Ahmed112 fktika69
@fktika69, ......................
+1 Reply
fktika69 Ahmed112
@Ahmed112, math and physics calculation
Heinzz fktika69
@fktika69, 2 plus 2 is 4 minus 1 that's 3 quick maths
Heinzz fktika69
@fktika69, seems legit, lol
+1 Reply
fktika69 Heinzz
@Heinzz, best method for pridiction is mathmatics
May be BTC will touch 3000$ again. it needed to fill that gap before going to sun. in 2013 BTC crashed from 1150 to 270 $.
I think tomorrow the price will hit 18.000 usd area, and than a 40 % drop like always, i think we will see a nice spike. It will have nothing to do with the good news, which is the aproval of BTC from CBoe, but just with the fact that people with huge amounts of bitcoin will like to sell at some point and buy cheap again... The same like what happened at 11.000, or with the cancellation of the Fork, or with China announce from couple of months ago...Ok those where bad news but ask this: Would you sell at 17 or 18.000 ias a holder of BTC and wait for a massive correction that everyone is knowing to come?
Crash is imminent. Patience is the key now.
+4 Reply
zhent12 embino
@embino, has been saying this since 9k :) :)
+1 Reply
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