- momentum on the monthly timeframe for Bitcoin is completely maxed out as evidenced by two things:
1. it just had 7 monthly green candles in a row (a record)
2. stochastic RSI had two 100/100 monthly reads in a row (vertical lines) which is eerily similar to what happened in Q1 of 2021
Unlikely the bull market cycle top is in but very likely we visit the 40 - 50k region from here.
1. it just had 7 monthly green candles in a row (a record)
2. stochastic RSI had two 100/100 monthly reads in a row (vertical lines) which is eerily similar to what happened in Q1 of 2021
Unlikely the bull market cycle top is in but very likely we visit the 40 - 50k region from here.
Kommentera:
Bitcoin has been ranging for more than 50 days. But now, volume analysis suggests a big move is coming anyday now, more likely to the downside.
Kommentera:
Volume expansion happening. Bitcoin painting almost the exact same picture as in April 2021. Very likely heads lower.