Bitcoin.
I wasn't sure if that green uptrend would hold or not, but it did for now.
While BTC still has room to the upside on the weekly RSI, we could always fall short like we did before.
Going by the weekly, candle body close trend. We're at resistance here and ready to continue down. Lower high about to be printed, don't get too exited yet.
Alts and stocks show a lot. Because they all generally move together, so it's important to keep an eye on them too.
ETH for example.
Checkout ETH on the weekly. WE NEED TO GET ABOVE 38 ON THE RSI!!!!
when that happens, the bottom is in. We
will likely still back test 38 as support after breaking it, for one last low.
But that's a good while away. We're at massive resistance here on the RSI and in price action here. I belive 27 on the weekly RSI will eventually come. That's when I'll be looking to buy.
The fun ends here I'm afraid.
Nothing has changed! It's even worse now than before. It's not the time to celebrate just yet. Be cautious here guys ⚠️ It's time to continue down.
