RSI on the 4H is at 90! This is crazy! Never before has RSI been at this level. It is unlikely that it will continue to rise without a correction.
Bitcoin is seeking a retest of the 2017 trendline (purple top line) through an rising wedge (bearish). Therefore, I will short on the retest of this line or even more, which I think is more likely, in breaking the bottom line of the wedge, in red. The targets of the shorts are the purple and yellow lines just below. We can exceptionally try to retest from the...