The rally up was the healthiest thing for the bear case because now we have plenty of room on RSI to resume bear market. Now overbought. Too many people sold bitcoin off to 7294 when it was already way oversold. Like I have said before bitcoin will slowly go down to $1000. The fundamentals of bitcoin is all about the false hope that it will go to a million and right now there is very little optimism around bitcoin.
lol. Good luck OP. You have a rough road ahead of you.
brsrkrt
⋅
plenty of room on RSI ??!? Hahah, RSI can stay in oversold or overbought region for months or years with little decreases and rises, even with 100%, there is no such rule ...
rjchilia123
⋅
@brsrkrt, True RSI is not a buy or sell signal, but RSI can indicate if it is overdone to the upside or downside