Marginbuu

BTC RSI cooling down but still overbought

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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5
The RSI is on the 4 h is still above 70, but that's a lot less than when we just got to 13k . This means we can stabilize in this region and we can try to get through 13200.

Good luck to everyone!

Comments

Yep, minor correction here, but I wouldn’t be surprised if we range up to $14k before testing strong support levels below—the largest that I’ve seen on the way up was at $11.6k. There was a HUGE wall of shorts there that we just gobbled up. It’s all good too. I’m still believing any buys here is a good buy.
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Shorts are going to lose soon... :)
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