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All indicators in favor of market to $79,999.9

Monstralian tarafından
Today, all indicators are signaling a strong bullish pattern. I expect this positivity to continue until 79,999.9k.

Reasons behind this positive outlook:

  1. RSI Level: On the weekly chart (a powerful timeframe), the RSI is at a neutral level, with no overbought signals.
  2. Puell Multiple: We are near the bottom of the Puell Multiple. The bottom is typically reached during bear markets. I don't expect this indicator to decline further, as we are in a bull market.
  3. Greed and Fear Index: Yesterday, we reached the extreme fear level. In bear markets, extreme levels are below 10, but since we are in a bull market, a fear index of 17 is already very low.
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