BTC: Over sold? (RSI and Supports)
Everyone is excited about breaking 10k. I am too. But we're just about to touch 80 on the RSI...and that's traditionally the point where we've started to face corrections. If we bounce back down then look for a dip.
Support 1: $8200
Support 2: $7450
Support 3: $7150
Support 4: $6500
Support 5: $5900
It could keep going up...maybe...but personally I'm not to touch prices this high with a ten foot pole yet.
When everyone else is ecstatic you should be looking to sell. When everyone else is freaking out, you should consider buying.
I'm staggering my buys starting at $8250, and working my way down from there.
Support 1: $8200
Support 2: $7450
Support 3: $7150
Support 4: $6500
Support 5: $5900
It could keep going up...maybe...but personally I'm not to touch prices this high with a ten foot pole yet.
When everyone else is ecstatic you should be looking to sell. When everyone else is freaking out, you should consider buying.
I'm staggering my buys starting at $8250, and working my way down from there.
Uwaga
As pointed out below, over sold is a typo. Should be over bought.Uwaga
Retrace of $1,300 and still looking quite bearish on the hourly. Waiting for the SMA to cross the EMA on the daily to confirm we're in for a larger dip.
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