Just an observation... but Looking at the monthly rsi it looks like btc still has more downside to me.
Just an observation, make of it what you will. Personally I believe BTC has more downside. Im shorting the hell out of it!!!
So if this fractal keeps playing out as it has done previously we are due a move down from here. I dont know exactly where the bottom is as I have to wait for the fractal to play out before defining the bottom.... but.. were headed down from here. Ive done another publication showing monthly RSI and what its saying about bitcoins future.
Spent a while looking at the charts in different time frame to try and figure out where BTC is going. I think the main thing I see here is not an instant drop to -6000 like everyone is saying. I think were going to run sideways for a bit and form a bit more structure ( probably a wedge) before the next big move. I'll be looking for a break of that structure to...