BTC/EUR I just noticed the RSI
I'm quite new to crypto and TA analysis as a general.. my ideas have played out quite well so far but I guess it's always easy on a bull run.
This afternoon I noticed the RSI indicator has crossed the 70% dotted line. Almost every single time this has happened on a daily chart BTC has dropped the following day.
As to where it could drop, if we close above 74 im guessing it could either drop and bounce on the 74 mark and then continue on its bull rally, oooor it could break down all the way near 70.
We'll see how it plays out.
This afternoon I noticed the RSI indicator has crossed the 70% dotted line. Almost every single time this has happened on a daily chart BTC has dropped the following day.
As to where it could drop, if we close above 74 im guessing it could either drop and bounce on the 74 mark and then continue on its bull rally, oooor it could break down all the way near 70.
We'll see how it plays out.
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