Bitcoin looks a bit frothy

The signals are flagging bitcoin as being a bit frothy and in need of a healthy retracement.

Bitcoin could retest around $50 000 within the next the next 2 weeks. Hopefully it continues to spike thereafter.

This is a short term view...

Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.