GeoCoin / BitcoinShort
1 day / potential reversal in near term
No strong feeling either way but some signs of a reversal to come in near term.
1/ bear divergence on RSI (price lower high, RSI higher high)
2/ kumo cloud edge to edge complete also coinciding with 0.236 fib
3/ volume spiked now declining similar to last pump/retrace
Personally I have sold 25% on a 5x having bought 3 Dec. Doubt it is a good buy spot but given the time of year and general market movement a further push up wouldn't surprise.
1/ bear divergence on RSI (price lower high, RSI higher high)
2/ kumo cloud edge to edge complete also coinciding with 0.236 fib
3/ volume spiked now declining similar to last pump/retrace
Personally I have sold 25% on a 5x having bought 3 Dec. Doubt it is a good buy spot but given the time of year and general market movement a further push up wouldn't surprise.
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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.