Be careful of the RSI level 90
BTC/USD is very close to the RSI level 90 (88 at the moment).
The 2 previous times it reached this level, we saw big drops in the price the following weeks :
1) In June 2017 -37%
2) In December -68%
In my opinion if BTC reaches RSI 90 soon, it can :
1) Do the same as the two previous times and see its price decrease a lot in the following weeks
2) Break out of the RSI 90 level and go even higher : in November 2013 it reached 95
I think it's a good idea to keep eyes on the RSI level in the next weeks
The 2 previous times it reached this level, we saw big drops in the price the following weeks :
1) In June 2017 -37%
2) In December -68%
In my opinion if BTC reaches RSI 90 soon, it can :
1) Do the same as the two previous times and see its price decrease a lot in the following weeks
2) Break out of the RSI 90 level and go even higher : in November 2013 it reached 95
I think it's a good idea to keep eyes on the RSI level in the next weeks
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.