GOOD MORNING
The
BTC RSI is weakening further as it hits 74k.
The closer it gets to 80-100k the more risk rises.
#BTC is due for another correction/consolidation, IMO.
#Bitcoin $ Flow is still decent so, IMO this is not the top.
A)Shows RSI peaked & Selling begins to come in.
FLOW was NOT strong at all.
B) Volume is light before picking up.
BTC has Heavy Buying coming in.
RSI hits the peak for this run.
$ Flow stable & goes higher.
C) #BTC buying subsides.
RSI is further weakening.
$ Flow still decent but keep in mind that this is LAGGING indicator.
Weekly
#Bitcoin is attracted to the Green Moving Avg.
This is the most overextended it has been during this run.
Needs rest imo
The
BTC RSI is weakening further as it hits 74k.The closer it gets to 80-100k the more risk rises.
#BTC is due for another correction/consolidation, IMO.
#Bitcoin $ Flow is still decent so, IMO this is not the top.
A)Shows RSI peaked & Selling begins to come in.
FLOW was NOT strong at all.B) Volume is light before picking up.
BTC has Heavy Buying coming in.RSI hits the peak for this run.
$ Flow stable & goes higher.
C) #BTC buying subsides.
RSI is further weakening.
$ Flow still decent but keep in mind that this is LAGGING indicator.
Weekly
#Bitcoin is attracted to the Green Moving Avg.
This is the most overextended it has been during this run.
Needs rest imo
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.