cryptobon

something that hasn't happened in over 2 years

Short
BITSTAMP:BTCUSD   Bitcoin
the weekly hasn't closed yet, but it will be extremely unlikely to see a reversal here.

Weekly RSI is aiming to drop under levels it hasn't touched since the bullmarket began. Look at linked chart for original assessment on this idea. Bitfinex shows the same thing too.

Not looking good!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.