James_Winsoar

Predicting major retracement for BTCUSD

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Not only do we have the gaps on the BTC1! chart for Bitcoin Futures that must need filling soon, but we also have the Relative Strength Index ( RSI ) for bitcoin at massively high levels indicating that the world's first cryptocurrency is currently extremely over-bought.

The only thing confounding this prediction is the large scale creation of fiat currency by the world bank etc. during the Coronavirus Pandemic. The printing of money through QE or other means will devalue the Dollar, Pound, and Euro and push the price of bitcoin even higher.

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