Is Bitcoin local TOP in ? (Looks like reversal is comming)
It´s a while since I´ve called a bottom and reversal based on
RSI bull divergence in undersold area with falling wedge pattern as seen on chart bellow
Now we have exactly opposite conditions which means
Bearish divergence in overbought area and rising wedge.
Can Bitcoin sustain further grow now ? I don´t think so ! Correction imminent in my eyes !
But remember this is not a financial advice
This is only my opinion, which I create with amount of skill & research. If you trade based of the opinions and TAs of others, you are putting your investments at risk. So, PLEASE do yourself a favor learn from the TAs of others, but only trade based on YOUR OWN RESEARCH & SKILL !!
If you don't, you deserve to lose every penny you put into the market.
RSI bull divergence in undersold area with falling wedge pattern as seen on chart bellow
Now we have exactly opposite conditions which means
Bearish divergence in overbought area and rising wedge.
Can Bitcoin sustain further grow now ? I don´t think so ! Correction imminent in my eyes !
But remember this is not a financial advice
This is only my opinion, which I create with amount of skill & research. If you trade based of the opinions and TAs of others, you are putting your investments at risk. So, PLEASE do yourself a favor learn from the TAs of others, but only trade based on YOUR OWN RESEARCH & SKILL !!
If you don't, you deserve to lose every penny you put into the market.
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Indicators at 5D chart also looks very toppy to me
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This is possible trend & fractal which Im expecting
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Updated fractal expectations
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