Everytime BTC has traded at +90 RSI on the weekly, which was only 6 other times, it has sold off to it's Weekly 21 EMA which puts it right at that level around $22,000 or lower. Surprised the NVT hasn't turned white yet on weekly or daily so we are still good. If NVT doesn't turn white or barely turns white then back red, then historically it has hovered around the Daily 21 EMA then back up. Also the time it takes to sell off has a pattern as well and if it does repeat history this sell off will take 6 to 8 weeks as opposed to 6 to 8 months that it has taken before as well. Good news is, historically after this sell off it has rallied by year end 1000%
other charts to watch are the U.S. dollar $DXY which is teetering on breaking support at 5 year lows and possibly the ETH/BTC chart if ethereum repeats it's run against bitcoin that it made a couple times since 2017
other charts to watch are the U.S. dollar $DXY which is teetering on breaking support at 5 year lows and possibly the ETH/BTC chart if ethereum repeats it's run against bitcoin that it made a couple times since 2017
