Bitcoin breaks through 100% of the sellers' margin, which, as expected on a huge amount, has shattered about $ 5,000, now they are going to be destroyed, to collect huge liquidity of stops and liquidations before going down.
200% of the margin is around $ 5450- $ 5500, but I think fomo and liquidation may push the price to $ 5,700, so I advise starting to be fixed in all positions in the $ 5,500- $ 7,500 range, pending the onset of correction. On the daily timeframe, the RSI is already 90, this is not a joke, and I don’t see any further sense to re-hold assets.
The divergence is also drawn on 4N, and there are two gap across the $ 5,100 and $ 4,900.
200% of the margin is around $ 5450- $ 5500, but I think fomo and liquidation may push the price to $ 5,700, so I advise starting to be fixed in all positions in the $ 5,500- $ 7,500 range, pending the onset of correction. On the daily timeframe, the RSI is already 90, this is not a joke, and I don’t see any further sense to re-hold assets.
The divergence is also drawn on 4N, and there are two gap across the $ 5,100 and $ 4,900.
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