Bitcoin is looking like it wants to take a 5%-20% drop. Potentially may tick up a few percent to shake some hands. However as seen in the chart you notice the circles , every time bitcoin hits this area it has seen around 20% pullbacks. The first indicator is the HVP and shows we are expecting a move. If you note before, it was flashing red and orange bitcoin dropped. The second and third are RSI+. The first is regular with settings of 2. and the second is the RSI of the RSI. which shows deeper levels of it and can sometimes see a move the first one cannot.
Kommentera:
if you follow me , i trade head and sholders with a long on the 2nd shoulder forming, i close it after it breaks the line of support and short at the point. in this case the short hasnt occured still. although a lot could aruge this is a tough one to see, i have the rsi to confirm.
Kommentera:
still long :D
Kommentera:
sweeeettttttt