BTC Red flag + Crypto Fear & Greed 71, when correction?
Hi all, I feel all the possitive sentiment on market here, big bullish candle close very well, but it's enough for new bullish momentum?
I think that yesterday and tody price is a little FOMO, a lot of people are scared that BTC going to ATH soon and havent buy yet.
But nothing grows forever, soon we can see correction, there is question, where price stop and how big will be correction? I think that we can go soon tested 4400usd or 4200usd. Look at my analysis, in graph is important resistance and supports.
Crypto Crypto Fear & Greed index show us number 71. if we look on history, we can saw that if numbers are between 50-80 price go down.
1. Feb.20 2018 (F&G 74) -20%
2. May.8 2018 (F&G 67) -25%
3. Nov.14 2018 (F&G 56) -50%
4. Feb.24 2019 (F&G 69) -13%
So for now I am out of the trade and I am waiting for better entry point.
Thank you
I will be update it
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