BTCUSD - Weekly - overbought? overextended?
Updated
Not a financial advisor.
Currently on the weekly BTCUSD is above RSI 70.
In the past whenever this value was reached and measuring extensions from the MA20 Weekly, above certain levels, one would expect a retracement.
It is those times when keeping closer look on the market and updating stop losses is important.
Currently on the weekly BTCUSD is above RSI 70.
In the past whenever this value was reached and measuring extensions from the MA20 Weekly, above certain levels, one would expect a retracement.
It is those times when keeping closer look on the market and updating stop losses is important.
Note
Throwback? or retest?IMO => retesting lower very possible
Note
Not looking pretty for BTCUSD...Note
Time to update your stop loss / check your trailing stop.
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.