BTC overextended!!! DANGER!!!
Hi Guys!
As we see on this 1 D chart on Coinbase, BTC might be forming a new local top and turning down. BTC might test the 200 MA soon, which is currently at 4600 $ areas.
This is my long term outlook for the next several months. I am planning to open a speculative short now or if BTC revisits the 5150 $ areas. My T1 is at about 4600 § areas. If BTC makes a strong bounce from there, then I am planning to open a speculative long.
At the moment all major indicators turning bearish now. Daily and weekly counts are on 9 TDs.
RSI is overbought like crazy.
Let's see...
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
As we see on this 1 D chart on Coinbase, BTC might be forming a new local top and turning down. BTC might test the 200 MA soon, which is currently at 4600 $ areas.
This is my long term outlook for the next several months. I am planning to open a speculative short now or if BTC revisits the 5150 $ areas. My T1 is at about 4600 § areas. If BTC makes a strong bounce from there, then I am planning to open a speculative long.
At the moment all major indicators turning bearish now. Daily and weekly counts are on 9 TDs.
RSI is overbought like crazy.
Let's see...
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.