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BTC Short til RSI says otherwise.

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As we have seen in the past. When moving in the primary trend (Bullish) we see pull backs down to the Moving Averages accompanied by a low RSI value.

As we form the right shoulder to a possible head and shoulder formation it likely a drop down to the Moving Averages (1d) is likely. With support to be tested in regions (EMA 200) ($5780) although due to the strong sentiment surrounding the market it is likely to be supported higher at ($6400).
As we do not know which of the MAs will/if show support we look towards the RSI indicator to help confirm where to re-enter.

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