BTC whale distribution again ?
As bitcoin fails to break higher, I'm getting the same feeling I had a few times this year...
I see a lot of bullish sentiment, fear & greed index is still "greed", CT bulls telling followers this is just a retest before parabolic run.
Clearly same pattern is forming like we saw in Mar-Apr and Aug-Oct: rising wedge with bearish div on RSI.
- If this plays out target is around 51-53k.
- RSI and/or price break above resistance invalidates this idea
Tell me what you think, have a nice day !
ps: don't mind my grammar
I see a lot of bullish sentiment, fear & greed index is still "greed", CT bulls telling followers this is just a retest before parabolic run.
Clearly same pattern is forming like we saw in Mar-Apr and Aug-Oct: rising wedge with bearish div on RSI.
- If this plays out target is around 51-53k.
- RSI and/or price break above resistance invalidates this idea
Tell me what you think, have a nice day !
ps: don't mind my grammar
Not
3 Days later, we lost support around 63k, expecting this to act as resistance now before we take a deeper dive towards 53k.
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.