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RE: 5 Reasons I Sold My Cryptos

in #bitcoin7 years ago

RSI levels are too damn high to take a long position on Bitcoin right now (although there is still room for the price to go up to a RSI level around 95. A major correction, likely going to 7000 euros (sorry, I am not working with dollars) or even to 6500 euros will probably happen soon. The price will find strong supports at those levels and only when it breaks through 6500 there will be a real mess. I am expecting the price to return to a bullish movement from those support levels though.

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I guess we'll find out soon enough :)