Short

BTC - Stay Cautious

Although we did close this daily candle more bullishly than I was personally expecting, I think it is not time to go all in yet. Our RSI has topped out 3 times at the 61-62 level on the daily creating a triple bearish divergence. If we are able to close tomorrows daily candle above this then that could be the confirmation for the 30k move, but for the time being the sellers are holding the strength down. Also on the CM we created a tiny grey candle. In the past every time the price has done that but once the price has topped out (I have this outline with the big red arrows in the chart). Please leave a comment with your thoughts.

VIAQUANT

Also on:

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.