Bitcoin - RSI above 90 (3-Day Chart)
Relative Strength Index has reached 90. Since 2017 All Time High, this is the third time we see this value for RSI.
First time RSI reached 90, BTC had its ATH, and price dropped immediately.
The second time, price kept its momentum and continued going up after a 16% correction (from $8.3K to $7.0K).
This is the third time, and we have not seen a single red candle in the 3-Day chart since 36 days ago.
What is going to happen next is a mystery, specially for Bitcoin, but for how long is this parabolic move going to keep its momentum?
First time RSI reached 90, BTC had its ATH, and price dropped immediately.
The second time, price kept its momentum and continued going up after a 16% correction (from $8.3K to $7.0K).
This is the third time, and we have not seen a single red candle in the 3-Day chart since 36 days ago.
What is going to happen next is a mystery, specially for Bitcoin, but for how long is this parabolic move going to keep its momentum?
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RSI didn't lie :)