CAUTION
Updated
It's pretty common for BTC to have 20-30% corrections in a bull market and has been doing phenomenal with coinciding with previous run-ups.
I believe this is the 4th or 5th correction to this magnitude.
Things look pretty swell from where we came from this year and last and hope it can continue.
We just had a crossing on the weekly MACD and things are looking ripe for maybe another push higher.
RSI on the monthly cart is also declining from overbought territory.
There was a similar run up and fall in price action and when BTC futures started trading on CME compared to the COIN listing recently.
Regardless if you are HODLING forever or just trying to make quick movements in the price action of shitcoins it looks like we are taking a breather and could be something other than a correction.
I'm remaining on the cautious side with everything else thats developing across world markets and in the US.
That's all folks
I believe this is the 4th or 5th correction to this magnitude.
Things look pretty swell from where we came from this year and last and hope it can continue.
We just had a crossing on the weekly MACD and things are looking ripe for maybe another push higher.
RSI on the monthly cart is also declining from overbought territory.
There was a similar run up and fall in price action and when BTC futures started trading on CME compared to the COIN listing recently.
Regardless if you are HODLING forever or just trying to make quick movements in the price action of shitcoins it looks like we are taking a breather and could be something other than a correction.
I'm remaining on the cautious side with everything else thats developing across world markets and in the US.
That's all folks
Comment
in the time it took me to write this it already fell another 2% though not surprisingComment
Had a good pump! let's see where it takes us from here. MACD looks like it let up and is about to cross over from this point.
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.