BTC is clearly in a place of rising trust
- Fear & Greed Index improving: last week 24 (Extreme Fear), yesterday 31, now 38 (Fear), last month low was 3
- Several bullish divergences visible: RSI and MACD show higher lows vs. price, momentum indicators curling up, OBV ticking higher despite weak price action
- Price is sitting at the lower Bollinger Band and holding an ascending trendline
- Multi-indicator (mostly RSI-based) showing clustered buy signals, similar to previous rallies
- Simple Fibonacci retracement from the recent high (~73K) shows potential move toward 130K, assuming continuation and break above ~109K
- Last S-BUY signal was 14 bars ago, still active
- Structure is clean and holding
- If this is the final leg up, we could be entering danger or euphoria territory soon
- Fear & Greed Index improving: last week 24 (Extreme Fear), yesterday 31, now 38 (Fear), last month low was 3
- Several bullish divergences visible: RSI and MACD show higher lows vs. price, momentum indicators curling up, OBV ticking higher despite weak price action
- Price is sitting at the lower Bollinger Band and holding an ascending trendline
- Multi-indicator (mostly RSI-based) showing clustered buy signals, similar to previous rallies
- Simple Fibonacci retracement from the recent high (~73K) shows potential move toward 130K, assuming continuation and break above ~109K
- Last S-BUY signal was 14 bars ago, still active
- Structure is clean and holding
- If this is the final leg up, we could be entering danger or euphoria territory soon
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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.
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.