No change in my overall view.
The market as always tries higher highs, but the negative divergence is a clear warning that this may be over sooner than later. Strategy is therefore sell current, and keep stops above $ 5,500. The top of the regression is slight above $ 5,000 and the BB top band is $ 4,800 (rounded) area. all in all, it should correct medium-term towards $ 3,000.
These cryptos are not for the faint hearted, but as investors, one should understand values. I am old timer coming from classic trading, and values I learned to be important. As an interesting note, read the Tulip trade stories of 1632 :) enjoy and have a great week.
The market as always tries higher highs, but the negative divergence is a clear warning that this may be over sooner than later. Strategy is therefore sell current, and keep stops above $ 5,500. The top of the regression is slight above $ 5,000 and the BB top band is $ 4,800 (rounded) area. all in all, it should correct medium-term towards $ 3,000.
These cryptos are not for the faint hearted, but as investors, one should understand values. I am old timer coming from classic trading, and values I learned to be important. As an interesting note, read the Tulip trade stories of 1632 :) enjoy and have a great week.
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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.