Bitcoin RSI bear gets invalidated again

8 thg 1, 2021

Bitcoin is about 41.000 $ breaking out to the upside from a rising wedge (maybe fakeout?). Yesterday we had a quick correction that should have been a larger one, in my opinion, but was quickly bought up. As I said in my previous ideas the RSI is heavily overbought both on weekly and daily timeframes, I still expect a correction in the following 3-4 days ( due date 16th of January ). If this doesn't happen until then I will have to review my last 3 charts and correct my analysis.

Trade carefully friends !