Past Scenarios with RSI 70 on 3H

BTCE:BTCUSD   Bitcoin / U.S. Dollar
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What happen the last time the RSI went to 70 on the 3 hour timeframe?
No worries, it's good to tease this stuff out. I'm still experimenting with secondary indicators. Any specific reason you choose RSI ahead of Stochastic RSI?
Thanks for sharing liw0. I wonder is that was true because we were downtrending? If we go back a further to an uptrend, the theory doesn't seem to hold true. So now that we are uptrending again...

Caveat: I am a beginner.

Perfect counter argument! I also missed that the bearish RSI divergence turned into a bullish divergence. That must have been the bear inside of me wanting to pick up some cheap coins ;)

Thanks for pointing out my error!
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