Bitcoin large monthly sell signals
Bitcoin is looking like a top will form in the month of October. It has more monthly sell signals than ever in its history. Volume is down, the RSI is lower than the top and looks like a fake rally. The CCI indicator seems to call the top, which hasn't triggered yet. Watch for the parabolic uptrend break. 10-20k bottom is still very likely, once the sell off begins. I suspect that leveraged options trades of the Bitcoin ETF's / liquidated longs / a stock market crash might bring this back down to earth. The parabolic uptrend is key. I wouldn't FOMO into this rally.
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