PawelHodurek

BTC/USD - Euphoria with overheatted oscillators

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BITSTAMP:BTCUSD   Bitcoin
Hello Everyone,

We see the news with "moonshining price of Bitcoin" - true wave of euphoria... Despite ones today's candle is little black (red) at the moment - keep in mind... ;-)

Some indicators at dayly candles are totally overheatted (exactly - were yesterday). Yesterday's RSI was over 80 while is over 70 for 7 days - keep in mind... ;-)

At Sunday we will formate the 8th white (green) weekly candle in series. There were some 8 ones in series few times but never 9 - keep in mind... ;-)

The halving seems to be on Monday and the prise stared to rise not so quickly afetr the previous halvings - directly after usually dropped - keep also in mind... ;-)

Best wishes...
Paweł
Yorum:
Hello one more time...
I seems that we will hahe a pull back.

I just found an article about Wyckoff price cycle
school.stockcha...ts.com/doku.php?id=market_...
Fo someones of you the presented theses are obvious, however, we often forgot to implement "obviuosnesses" in our decisions...

Wish you a great weekend,
Paweł
Yorum:
school.stockcha...b/exe/fetch.php?media=mark...

Please, see the Wyckof distribution pattern.

I expect not full scheme 1, as from UTAD we have possibility to break-up. In my opinion we are at (ot just after) the BC stage.
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.