Weird Bull Market Movement? Concerning?Basically since the august 5 bottom it looks like big boys have been sizing out consistently. This doesn't go back that far, but if you look further back youll find the same result. Just food for thought, not calling for a rug trade but I would be very aware and vigilant. Seems like we are one jenga block away.
Can post levels if anyones interested about where the dip and rip levels may end up.
Concerning
3 Flashing Warning Signs1. TD Sequential on the weekly is now more over-extended then I have ever seen with BTC
2. NVT signal is higher than I have ever seen with BTC and EVERY time it has reached near this level previously we saw a 20-30% correction soon to follow
3. RSI is overbought on weekly and Major bearish divergences on the lower time frames (4, 6 hour)
I posted yesterday about the NVT signal- today I am adding these two other warning signs- I am out of the market now, only playing short plays with tight stop-losses of a couple hundred bucks at most
When the bough does break, it will be ugly, just don't get caught in it, ;-).