BTCUSD - Weekly - overbought? overextended?
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Not a financial advisor.
Currently on the weekly BTCUSD is above RSI 70.
In the past whenever this value was reached and measuring extensions from the MA20 Weekly, above certain levels, one would expect a retracement.
It is those times when keeping closer look on the market and updating stop losses is important.
Currently on the weekly BTCUSD is above RSI 70.
In the past whenever this value was reached and measuring extensions from the MA20 Weekly, above certain levels, one would expect a retracement.
It is those times when keeping closer look on the market and updating stop losses is important.
Nota
Throwback? or retest?IMO => retesting lower very possible
Nota
Not looking pretty for BTCUSD...Nota
Time to update your stop loss / check your trailing stop.
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