Bitcoin 14K USD: be fearful when others are greedy
First time we had a daily close above 14,000 USD since a long time, great performance demonstrated by Bitcoin.
But apart from that, many bearish signals are lining up on the chart right now, here's another one I just noticed: a rising wedge pattern with gradually declining volume and bearish divergence on the RSI.
If you add this to the bearish hash ribbon signal shared in my previous idea plus the fact that the MACD is about to have a bearish cross on the daily time frame, I think this is the right time to be fearful when everybody else is feeling FOMO. I think selling from 13,900 to 14,100 is a good idea. Wait for a pullback to the averages to long.
But apart from that, many bearish signals are lining up on the chart right now, here's another one I just noticed: a rising wedge pattern with gradually declining volume and bearish divergence on the RSI.
If you add this to the bearish hash ribbon signal shared in my previous idea plus the fact that the MACD is about to have a bearish cross on the daily time frame, I think this is the right time to be fearful when everybody else is feeling FOMO. I think selling from 13,900 to 14,100 is a good idea. Wait for a pullback to the averages to long.
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