Rashad

Bitcoin Nearing Peak Around $1300

Short
BITSTAMP:BTCUSD   Bitcoin
4th touch of upper channel. RSI is Overbought. Potential for overshoot of resistance, as RSI is not AS overbought as last three touches. A move back down to $1000 or lower seems reasonable. Additionally, I am well aware Ethereum is making incredible highs right now too. It seems that Ethereum and Bitcoin are correlated at the current moment. I'd wager if Bitcoin sells, so too will Ethereum, but I am less confident of where the peak is on Ethereum (perhaps $20?)

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