I keep telling myself this has to be the top, it can't go any further, yet it continues to rise. Well BTC has now completely overextended itself out to 1wk charts with RSI. The sensible, logical investor says this has got to be the top this time. Who knows maybe it keeps going but I'm going to wait and see what happens when futures start trading. You can ignore my other lines I was messing around with some ideas RSI is the focus of this chart.
Comment:
This could be a reversal 1wk RSI says this is the perfect position. I'm going to wait for confirmation then start building a long after the correction. I would really like to see a healthy pullback under 10k to make me comfortable.
Comment:
1 Day and 3 Day say the trend has reversed. I'm waiting for confirmation from 1 week.