EPIC BTC BULL TRAP : Do you SHORT on such NVT Signal ?
Updated
Following the parabolic rise of BTC to 8300, we are in for a correction. The NVT Signal is showing Epic overbought proportions and the last rise was stopped by the NVT trendline. Next move is down to correct the overbought signal.
What is your level for this correction ?
0.618 drop from top to 5260USD
0.69 drop from top to 4900USD
...?
What is your level for this correction ?
0.618 drop from top to 5260USD
0.69 drop from top to 4900USD
...?
Note
Thank you for your comments, I revised my charting to present correctly my question on the NVT Signal.
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.