Speculation just by RSI

[hugeblack]

Since we are at new levels and the price has not defined psychological support and resistance levels, it is difficult to use fundamental indicators such as RSI to predict price trends. Frankly, I expect us to reach $90,000 at this price, and therefore I do not expect $100,000 in November.

[electronicash]

Probably won't happen till we breach 100k and trace wayyy back when it was on such a price mark.
I do think that the correction is imminent and we will see it in the near future, obviously.

Actually you can be right as all of us are making the same prediction that retracement is imminent and most of the times when the majority is speculating on the same factor and hoping for it to happen soon it won't happen instead it's oppsite will happen and that can be it will pump more till $100k and might dump more then we predicted.

But still it will dump and I think that's for sure not now maybe 1 or 2 months after last 10 days of the December in my sight are more volatile and in that time market can make retracement or might not be as the cycles don't really repeat all the time so.

i kept waiting for it to happen for days already. i should have enjoyed the ride up to 94k but yep i think it can go up to 100k later before retracing down to 90 or 80 before resuming the bull season.

i'm almost convince the institutions are really conspiring to make this price up to 100k of course its manipulated so far its working but if nations are buying as they say, the price could indeed be going to more than $150k.

but we shall see if Trump can make things happen. its his time to do something.

[Faisal2202]

i kept waiting for it to happen for days already. i should have enjoyed the ride up to 94k but yep i think it can go up to 100k later before retracing down to 90 or 80 before resuming the bull season.

i'm almost convince the institutions are really conspiring to make this price up to 100k of course its manipulated so far its working but if nations are buying as they say, the price could indeed be going to more than $150k.

but we shall see if Trump can make things happen. its his time to do something.

I am also waiting for the price drop as I have sold my BTC already (half) and wants to invest them again but for days market is not giving any good opportunity and yeah It surely give the felling of FOMO like waiting for the alts to drop and at the same time having thoughts that, you might not get these alts even at the current price later, are really frightening but this is just how market works.

Speaking of BTC touching $150k is a bit difficult in my sight because even if states are buying like some senator in the USA suggested a that, USA should acuqire 1 Million BTC to use them as reserve to pay back debt. And Trump has made a lot of promises and when he will be inaugurated, then he will fulfill some promises but till then things will be volatile, well once he will start fulfilling his promises market can touch $150k and if ETF companies won't stop buying BTC. From 11 Jan to till now they acquire more than 1 Million BTC in total and the numbers are increasing. 

[electronicash]

i kept waiting for it to happen for days already. i should have enjoyed the ride up to 94k but yep i think it can go up to 100k later before retracing down to 90 or 80 before resuming the bull season.

i'm almost convince the institutions are really conspiring to make this price up to 100k of course its manipulated so far its working but if nations are buying as they say, the price could indeed be going to more than $150k.

but we shall see if Trump can make things happen. its his time to do something.

I am also waiting for the price drop as I have sold my BTC already (half) and wants to invest them again but for days market is not giving any good opportunity and yeah It surely give the felling of FOMO like waiting for the alts to drop and at the same time having thoughts that, you might not get these alts even at the current price later, are really frightening but this is just how market works.

Speaking of BTC touching $150k is a bit difficult in my sight because even if states are buying like some senator in the USA suggested a that, USA should acuqire 1 Million BTC to use them as reserve to pay back debt. And Trump has made a lot of promises and when he will be inaugurated, then he will fulfill some promises but till then things will be volatile, well once he will start fulfilling his promises market can touch $150k and if ETF companies won't stop buying BTC. From 11 Jan to till now they acquire more than 1 Million BTC in total and the numbers are increasing.

for US to acquire 1M BTC, they could easily do it by printing more USD to buy BTC. it is going to result to more inflation but if it mean achieving the goal, a little sacrifice will help.
it will probably dip first before resuming to head to $150k. this speculation didn't come from me, i just read it.  the price  will just need to keep sideways from 85k to 94k range until it charges again to 100k.

what i can say is that RSI is already showing signs that it could dive depending on which time frame we look at. i was just looking at 1month chart but zooming out a bit to 3 months i guess its yet not overbought 

[Faisal2202]

for US to acquire 1M BTC, they could easily do it by printing more USD to buy BTC. it is going to result to more inflation but if it mean achieving the goal, a little sacrifice will help.
it will probably dip first before resuming to head to $150k. this speculation didn't come from me, i just read it.  the price  will just need to keep sideways from 85k to 94k range until it charges again to 100k.

what i can say is that RSI is already showing signs that it could dive depending on which time frame we look at. i was just looking at 1month chart but zooming out a bit to 3 months i guess its yet not overbought 

Hmm I did not checked the RSI in 3 months chart by yeah maybe it is not overbought at that time. Currently I still think it's not overbought not on the basis of RSI but the market sentiments and the adoption etc. is telling me that BTC is still not overbought but it have potential to be bought more.

Although most of the small turtles who want to book profit have already booked half or less then that and holding on to the other part, and the short term traders are also out but long term whales are still in the market and small turtles likes us should move with them and I think they have other targets in their minds. Speaking of US, they can easily acquire 1 million and if I am not wrong, they already have many BTC in their possession seized from many platforms.