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RE: BITCOIN

in #bitcoin6 years ago

Thanks for sharing.

If this correction is on the same scale as the 2014 correction (which it most likely is), based on my long-term wave count, I think the RSI on the weekly will dip below 30 before the correction ends.

Also, looking at the daily, for 2014, RSI went as low as 13, so there is still some room for a drop!

As you say though, there's a lot of support around 5k. Let's see how it holds up.

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yeah lets see how it hold up.

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