- dealing with a possible ATH SFP here
- looking at the 3D time-frame, with stoch momentum exhausted, RSI reaching overbought territory and most importantly volatility being very low it is possible top longers are about to get smoked
- a correction anywhere between the 0.382 and 0.5 fib is possible
- nothing confirmed at the time of writing but it is likely that trading back under 105k would be confirmation enough that the bigger correction is on its way
Some potentially very concerning things on time-frames starting with the weekly and higher but not relevant at this point in time.
- looking at the 3D time-frame, with stoch momentum exhausted, RSI reaching overbought territory and most importantly volatility being very low it is possible top longers are about to get smoked
- a correction anywhere between the 0.382 and 0.5 fib is possible
- nothing confirmed at the time of writing but it is likely that trading back under 105k would be confirmation enough that the bigger correction is on its way
Some potentially very concerning things on time-frames starting with the weekly and higher but not relevant at this point in time.
Trade active
With a fresh hash ribbon buy signal and volatility very low I suppose the strength of the bulls should be respected.Direction of expansion likely higher, as long as price is above range highs.
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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.