In this log-chart you see the historical values of BTCUSD
on coinbase. The RSI
has not been under 40 in a long time. Market Sentiment seems to change to bearish
and if we look at the short term channel we can identify a pattern at the ATH
and extrapolate this into the future. If we take a look at where the channel and this extrapolation cross, this point lines up with the long term moving average of this currency pair. It's also interesting as this date is very close to the 15th of Januari, which is when Wallstreet bankers get their bonus. Let me know what you think about this chart.