I don't think its over over for bitcoin, there is still opportunity to swing i just don't think we'll see any new highs anytime soon until the MACD , rsi , cmf all cool off
price needs to come down into the 40k range meet up with the EMA lines and we could be good for a another bucking rally.
of course when you're dealing with a king, sometimes their strategies are bold... I am mostly basing my theory here off a signal from the macd crossing and then looking at the rsi for the past high points of it... confirming it with the low volume and then looking at the similarities with the CMF indicator take special notice around 2018 + 2019 peaks you can see it reach about the same level and then decided it was time to cool off. be patient let the swing traders and algo buff out the price and set a few alerts... we'll check back in around that time.
look for other deals that have been over looked - look for the overlooked plays.
if you have any that could be interesting drop some hints.
price needs to come down into the 40k range meet up with the EMA lines and we could be good for a another bucking rally.
of course when you're dealing with a king, sometimes their strategies are bold... I am mostly basing my theory here off a signal from the macd crossing and then looking at the rsi for the past high points of it... confirming it with the low volume and then looking at the similarities with the CMF indicator take special notice around 2018 + 2019 peaks you can see it reach about the same level and then decided it was time to cool off. be patient let the swing traders and algo buff out the price and set a few alerts... we'll check back in around that time.
look for other deals that have been over looked - look for the overlooked plays.
if you have any that could be interesting drop some hints.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.