In regards to market cycles, if this is the point of maximum opportunity I believe we'll likely bounce off this over-extended RSI into the 80% point of the wedge where most breakouts occur.
We'll likely consolidate on top of the wedge until 24 January where BAKKT launches, and I believe from there the bear market will truly be over.
We should thank Roger Ver and the BCH cash war for a cheap buying opportunity if this is the case, regardless of how stupid it is.