Short Term Bearish | 25% retracement after a 1 Month 100% price
Happy Sunday BTC Go'ers | Short Term Bearish Looking over the daily, BTC has been very bullish lately. I am a bit concerned that there has been little actual retracement or pullback. Normally I would be bearish but due to BTC's scarcity and limited supply/Supply and Demand. It acts differently from traditional stocks and currencies and should weigh on your speculation/Investment.
My concern is that nothing goes up in a straight line regardless of how bad someone wants to "moon". It would be healthy if BTC consolidated, cooled off and retraced a bit before the next leg up.
From a TA perspective, It would be great to see some of these indicators including RSI set up for a more clear move. Currently most indicators are extended into the bullish Zone.
Seeing a 25% retracement after a 1 Month 100% price run wouldn't be too outlandish.
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.