+/- 40% imminent BTC DROP FRACTAL
In the previous analysis the conclusion was that btc would drop +/- 40% from the 0.382 fib> 10k level. It seems the euphoria is strong it went to 13k where the 0.618 fib rests.
Also in the previous run in 2016 june there is fractal where btc dropped 40% > two months in the red july and august.
You might want to consider shorting. Monthly rsi also ticking overbought region.
Also in the previous run in 2016 june there is fractal where btc dropped 40% > two months in the red july and august.
You might want to consider shorting. Monthly rsi also ticking overbought region.
Related publications
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.