Bitcoin last weekly candle closed with a spinning star candle this candle does indicate a change in the trend as a warning sign to what the next candle will print. if the next candle close above the body of the spinning star it could be bullish to come however if it closed below it will be bearish price action with some sideways movement or a sudden drop to the downside.
Also take into consideration that the weekly RSI touch 90 and is currently pointing down, this is also a big warning as in Bitcoin 14 years history we only been up here for less then 14 times. Every time we made a new high and touch this level price correct between 30-80%.
I will do another video on next week Monday.
Also take into consideration that the weekly RSI touch 90 and is currently pointing down, this is also a big warning as in Bitcoin 14 years history we only been up here for less then 14 times. Every time we made a new high and touch this level price correct between 30-80%.
I will do another video on next week Monday.
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