I noticed this pattern today when I saw this very nice idea on twitter here and looked at my chart. It is always hitting another go into the RSI 80+ zone after surviving the too quick selloff of one ATH and corrects slowly afterwards to make another longterm run
Ok just 2 Observations here:
First, after going above RSI 70 Bitcoin always dropped under RSI 45 before reaching the above RSI 70 zone again.
Second, the dips that happen somewhat linked to the above matter of fact have until now always reached the last all time high.
This observation is based on the past months and it leads me to the conclusion,
that if it...