BitcoinUpdated BTC - expanded flat coming ?
BTC is moving above previous all time high, but the volume isn´t convincing at all + the sentiment is quite bullish, the fear & greed index is in "extreme greed" territory, so I think, we might see 20% correction very soon, to retest very strong support at 54k. This move down to +- 54k, would complete expanded flat ABC correction and then we will very likely continue in uptrend.
Note
Hmm, one fast sell off and the sentiment is already bearish + all funding rates on binance were reseted, that means, that most people were forced to close their LONGS on altcoins. I think, this might be the end of correction for now..
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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.