BTC/USD - Oscillators are HOT! Consolidation or pullback? ;-)
Hello Everyone,
After such breaking up we have very hot oscillators like RSI. There is a question how we cool down the oscillators. Would it be easy consolidation with bearish divergence or would it be significant pullback. The problem is that cooling down the oscillators could generate the sell signals and provide to significant pullback. Honestly, I would rather prefer easy consolidation above the long-term support, but I believe this could be only a wish... There is also the third option - we will continue the bullrun ingoring the "temperature" of oscillators, but this one seems to be to much fantastic for me. ;-)
I still do not lose my hope there will be only consolidation instead of pullback... ;-) If you want to share your opinion, please do not hasitate to comment...
After such breaking up we have very hot oscillators like RSI. There is a question how we cool down the oscillators. Would it be easy consolidation with bearish divergence or would it be significant pullback. The problem is that cooling down the oscillators could generate the sell signals and provide to significant pullback. Honestly, I would rather prefer easy consolidation above the long-term support, but I believe this could be only a wish... There is also the third option - we will continue the bullrun ingoring the "temperature" of oscillators, but this one seems to be to much fantastic for me. ;-)
I still do not lose my hope there will be only consolidation instead of pullback... ;-) If you want to share your opinion, please do not hasitate to comment...