somac.
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May 14, 2019, 12:06:49 PM
Merited by Last of the V8s (1)


If you want long term indicators what about the 1 week RSI being at 77.5.  In the whole history of bitcoin it's never been that high without a major retrace.   6500 minimum.    As much as it looks buoyant right now that will not last too long.  It's massivly over brought based on lies atm

edit:  i meant over brought Cheesy

Long range RSI was above 77 for most of the year prior to the December 2017 top. It was also above it back in June 2016 and in fact only dipped below 70 from July to October 2016.

It was at 90 when the bitcoin price was still below $1000.

Depends what chart range you look at. Quoting any indicator is meaningless without a qualifying chart range - it can show one trend at one range and a completely different value (and trend) at another.

Please stop talking shit


SInce 2011




Major downtrend??? you kidding right? the only downtrend is after the 2013 and 2017 highs all the ones before that are corrections. Corrections are normal and honestly what is needed at the moment.