No retracement
Only small retracement at H. D candle
If the weekly candle holds its price over 8,000 and then BTC keep its previous uptrend line(Blue), we can say BTC made its trend reversal.
But, indicators strongly shows that correction is near.
Be careful your trade
50(coin):50(cash) is one of the best way.
GL
Only small retracement at H. D candle
If the weekly candle holds its price over 8,000 and then BTC keep its previous uptrend line(Blue), we can say BTC made its trend reversal.
But, indicators strongly shows that correction is near.
Be careful your trade
50(coin):50(cash) is one of the best way.
GL
Note
BTC is standing at the most important price zone now.Let's see it can breakout the previous high and then keep going up to 9.5K or so.
In case of the Worst case
: double top
: possible dump by the cool down on Stoch RSI / NVT
: Amazon, ETF, Hedge fund... lots of good news leads BTC to 8K. Is that all?
If those of news were good enough to pump BTC at somewhat radical way, why BTC / MM stop it at around previous high?
Is there any meaningful resistance to them? they chewed out 6K already.
Note
Stoch RSI is cooling down
NVT is still red but it turns down anyway
Some more cool down is needed.
Note
But, We can see the historical longest & highest Stoch RSI at Weekly chart. It strongly implicate some big correction or dump.NVT also shows the historical high.
Let's keep watching
Note
Note
BTC has been showing a real strong bull trend for couple of months.But, Stoch RSI & NVT still look so bad.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.