BTC RSI seems to be creating a somewhat descending wedge and it looks to be nearing the bottom side of it so some relief to this massacre may be on the cards soon.
A lot of metrics are the lowest they have been in some time ()months) and we were in a macro uptrend so the BTFD folks have been buying this all the way to where we are now.
I expect a bounce very soon but you cannot deny the lower highs and lower lows on the 1D timeframe making this into a bona fide high timeframe downtrend.
Have we topped out? For now, yes. In a week or two? I don't think so.
A lot of metrics are the lowest they have been in some time ()months) and we were in a macro uptrend so the BTFD folks have been buying this all the way to where we are now.
I expect a bounce very soon but you cannot deny the lower highs and lower lows on the 1D timeframe making this into a bona fide high timeframe downtrend.
Have we topped out? For now, yes. In a week or two? I don't think so.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.