BTC: 3 Warning Signs
BTCUSDT BTCUSD BTCUSD BTCUSDT.P Hello Monstralians,
BTC shows three warning signs on the weekly chart.
First, the RSI is in the overbought zone. This means the price may be too high, and a pullback could happen.
Second, the Greed and Fear Index is at extreme greed levels. The market is very greedy, it can be a warning that a correction might follow.
Lastly, a Market Maker candle has appeared. This candle suggests that big players are squeezing positions, and their aggressive actions may bring sharp movements in the coming weeks.
These signs don’t mean a price drop, but traders and investors should keep them in mind and consider them for their next actions.
Happy selling ;)
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.