$BTCUSD Fakeout rally overextended in HighGreed UpOnly.

21 thg 4, 2023

BTCUSD is in high greed and overextended on the momentum. My 2 sats is that we will see the 25K by the May-June period if not lower.

DXY also looks to be reversing into strength (bad for risk assets)

Vix Volatility Index appears to be turning to the upside (more volatility to come) from the 12+ months in a low volatility track record.

All of the above makes me think that we're about to run lower with Risk Assets, like Bitcoin. This is also a confluence with the Rate rises still in the books.

enjoy