Not a financial advice
We are extremely overbought on 1D timeframe per RSI
If you hindsight USDT dominance and compare with BTC and ALTs price, you will notice that there might be a potential bounce/reversal soon
Additionally, Greed and Fear index is currently at 13 point - extreme fear and now ask yourself, few months ago BTC was around 50k and so many inverstors were willing to buy, what has changed, rather than it is under a huge discount now? Pehaps it makes sense to dollar cost average?
We are extremely overbought on 1D timeframe per RSI
If you hindsight USDT dominance and compare with BTC and ALTs price, you will notice that there might be a potential bounce/reversal soon
Additionally, Greed and Fear index is currently at 13 point - extreme fear and now ask yourself, few months ago BTC was around 50k and so many inverstors were willing to buy, what has changed, rather than it is under a huge discount now? Pehaps it makes sense to dollar cost average?
Note
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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.