Beware of a potential correction at these overbought levels. We may go higher before we go lower, but with an RSI of 90 on the monthly timeframe, we may be overdue for a multi-week, if not, multi-month correction across the crypto space. Trade with caution...
I believe you are correct about mult-month correction. It took many months to get here and it's completely stalled. Just looking at the chart without any meaningful correction is spooky.
Hedge_Of_The_World
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@John_Q_Public, Well said. It's not that you have to go bearish on Crypto, but don't get caught holding the bag, while saying I should have seen it coming...
zfn
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@Hedge_Of_The_World, It's important to be mindful if you're in it for the long run and don't have any formal trading experience, trying to sell the top and buy lower doesn't always work out.