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Overbought

BTC update on daily and weekly timeframeBTC wants to go to overbought again on weekly timeframe. It would be ultra weird if not. Weekly stoch RSI has not been on overbought since a very long time, probably the longest time in BTC history. It needs to be overbought again on weekly, so that it can prepare for the next dump, which hopefully will be the final one. At least there is a high probability it will be. On the daily timeframe I see it dragging on still for a bit, until upward momentum is established. Sort long ration is already turning again towards shorts, slowly, but still noticeable. Well, I still think we'll see 5000-5300 in the next weeks, probably until the end of february. Then creeping sideways and the final leg down.
BITFINEX:BTCUSDLong
by SebastianofMoon
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