so if we were to look at your RSI, where would the 30 RSI be? i guess it will go somewhere between $10k - $12k in next correction. if it breaks below 10k then the new money will go out and it settles well below 10k
so if we were to look at your RSI, where would the 30 RSI be? i guess it will go somewhere between $10k - $12k in next correction. if it breaks below 10k then the new money will go out and it settles well below 10k
I believe that on RSI scale chances of it hitting 30 are slim but possible.BTC may go down to low 14k but i feel like there's a lot of money that wants to buy it cheap ,since the price increased too fast a lot of the buyers didn't get to buy it and we might see them buy at either 14k or 12k .
all this new money that has come in recently, do you think its here for the long term or short term. i know alot of people who invested recently almost all of them only jumped in for quick profits once they see its going down panic will trigger. i just dont know what % are those and what are corporations. A bad news is also due anytime which can shake even the long term investers.
I don't really see but yeah there will be some FUD , doesn't matter if your a long term investor though they tend to be smart enough to see past the FUD and look at the fundamentals .