With the bounce last week, we've seen the average Weekly RSI level of coins move up quite bit. The average of ~40 is still pretty neutral/low which is of course the case for many alts. Especially the mid/low caps. BTC is currently sitting in between the 60-70 range which is a good area to be. Not overbought but also indicating there's somewhat of a bullish weekly trend going. Alts still have a long way to go and still seem unable to string together multiple weeks of upside/outperformance against BTC. A few exceptions obviously.

Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share



