Bitcoin Correction Imminent!
bitcoin·@embomb701·
0.000 HBDBitcoin Correction Imminent!
I circled the points where the relative strength index showed that Bitcoin was over bought and the corresponding dips.  As you can see on the RSI every single time we have gone over the RSI we had a correction, not all of them were huge but, the bigger the run up the bigger the dip. Now for people who got into Bitcoin early just HODL, but for traders, its a good time, in my opinion to move some BTC to USD to hedge against the correction so you can re-buy the dip depending on when you got in you might be able to get in much cheaper. This could be a 30-35% dip in my opinion so hold onto your hats everyone! Now I am by no means FUDing, I am long term on Bitcoin corrections are healthy for any market, it gives buy in opportunities for new investors and for traders to lock in gains. I especially think this dip will be big because people want to lock in those gains for holiday spending. Again I am not a financial advisor, this is all in my opinion. Thanks for visiting, feel free to comment and up, anyone who follows me I will follow back as soon as I notice it.