Gold is very parabolic currently where the upwards momentum has nearly become vertical.
Bitcoin has been a great example of where the momentum upwards was followed by the same momentum downwards.
This is just an idea for journaling and testing purposes where we may see the 1310-1320 range again, before a very quick sharp move upwards towards previous SR levels.
RSI is clearly well above 80 on the daily, indicating a strong movement - but overbought.
Lets see how this plays out.
Bitcoin has been a great example of where the momentum upwards was followed by the same momentum downwards.
This is just an idea for journaling and testing purposes where we may see the 1310-1320 range again, before a very quick sharp move upwards towards previous SR levels.
RSI is clearly well above 80 on the daily, indicating a strong movement - but overbought.
Lets see how this plays out.
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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.
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.