This is my view of BTC for the next year or so. Of course I'll trade between mid-term waves, but for now it's to risky to enter. We had twice before situation like this. It's heavily overbought on 1M and we have formed bearish reversal candle. Same as previous two times.
Trade on your own risk. This is just my opinion. I may be wrong.
Really interesting. If you're right, a lot of people buying in right now are going to be underwater for a while. At what price point would say you'd have to re-evaluate? 5k and over?