I posted about this back in May also but I wanted to bring it up again because we are now back at that inflection point imo.
The Weekly RSI is back at 50 and usually breaking it on the weekly is a really good sign for BTC to go much higher (I labeled out some examples on the chart). Also on the bright side, if you don’t have any spot exposure but want to FOMO, don’t think you are late because of the move yesterday or since the current $57K bottom* but also like I said yesterday I want to see us have a weekly close above $66K and go from there. So far so good, it looks promising 🫡
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Farzad GM, hope everyone had a great weekend. Sunday Update 5/17 Weakness in crypto vs equities this past week worries me + Saylor not buying. I’m not a big fan of shorting tbh, so not taking any shorts here but just like summer 2022, good bottoms take a long…

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