BTCUSD - Check the RSI on the Weekly Chart

6 thg 11, 2021

This chart represents BTCUSD on the weekly. Check the two highlight points on the left vertical axis first, representing the previous run. Check the price at this point, and the RSI. Then check the two highlighted points to the right vertical axis, representing where we are at now, with the price and RSI. You can see the RSI is around 65 on the WEEKLY, which in the crypto space, is pretty low, as we usually top off (or slow down) around the 90s. Expecting big moves to the upside, hopefully.

Thoughts?