BTC weekly chart shows long wicks, and overbought RSI. Historically since 2014, BTC retraced to almost half of its value when that happen.
I think a retest of 6K is not out of the realm of possibilities at this time.
The upcoming weeks might be really ugly for BTC. Im not sure what that will do to the ALTS, but it probably wont be nice either.
Sorry for this doom and gloom prediction
I think a retest of 6K is not out of the realm of possibilities at this time.
The upcoming weeks might be really ugly for BTC. Im not sure what that will do to the ALTS, but it probably wont be nice either.
Sorry for this doom and gloom prediction
Comment:
RSI daily sitting at 42. imo, can't go below 40 or this plays out completely: retest of 6K. Alts seem to be tanking with BTC at this time. They ain't rising with BTC' but are sinking with it when it does. if BTC retest 6K, this could be ugly.
Comment:
retest of 7.6K first, then we reassess