Crazy Divergence RSI
With the ETF news coming out tomorrow I think we could see one final fake out pump to trap some bulls before we head to the downside....
The reasons being...
- Extremely bearish divergence on the 1 Week Chart as well as the 4H , 1D , 3D
- ETF news coming out tomorrow (Buy the rumor, Sell the news)
- Long overdue for correction
- Still havent broken above the yellow line as graphed.
- One of the top 3 largest BTC holders have been heavily unloading since 50k.
- Everyone is optimistic - Greed/Fear Index is at EXTREME GREED
- Volume is significantly lower than the last time we were at this price.
- Most bears have flipped bulls due to weekly candle close at ATH
The reasons being...
- Extremely bearish divergence on the 1 Week Chart as well as the 4H , 1D , 3D
- ETF news coming out tomorrow (Buy the rumor, Sell the news)
- Long overdue for correction
- Still havent broken above the yellow line as graphed.
- One of the top 3 largest BTC holders have been heavily unloading since 50k.
- Everyone is optimistic - Greed/Fear Index is at EXTREME GREED
- Volume is significantly lower than the last time we were at this price.
- Most bears have flipped bulls due to weekly candle close at ATH
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