BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
79 0
Ive been watching this weekly RSI now for days.

Every time the weekly RSI has been up above 80, BTC has retraced to below 64. We have not had a weekly RSI above 90 and that is what we had reached lately. The Lower RSI had ranged between 35 and 65 before the bounce started. We are at 65 and look like we have an incoming MACD crossover.

This pattern has played out like clockwork over the last couple of years
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