Overbought on daily RSI channel - Potential Short opportunity?
BTC is an animal and breaks trends easily but the long term daily chart shows that it's overbought and there is a rhyming pattern with how the chart plays out when RSI is overbought.
If this pattern continues and BTC stay within daily channel - there looks to be a nice opportunity to short BTC - it could drop just under 6000, maybe even as low as 5800 before climbing back up above $8,500 in December.
Good luck!
For tips or if I brought you good fortune - feel free to send me any amount of BTC to:
1DjPk9uKTUFGJTQzSvA8Kr7Ec5TFwBqJ44
Thank you :)
If this pattern continues and BTC stay within daily channel - there looks to be a nice opportunity to short BTC - it could drop just under 6000, maybe even as low as 5800 before climbing back up above $8,500 in December.
Good luck!
For tips or if I brought you good fortune - feel free to send me any amount of BTC to:
1DjPk9uKTUFGJTQzSvA8Kr7Ec5TFwBqJ44
Thank you :)