The weekly RSI is currently 88.7 at the time of writing. The highest ever recorded weekly RSI was 91, which occurred twice over BTC's history, and both times were followed by severe retraces. The MACD is blown out on both the daily and weekly time frames, and the MACD is currently touching the same height it did in 2017 before the top of the market was...
I believe hitting below 10,500 is not a real uptrend and also the real move for halving is very soon to be started. My advise is sell BTC over 10k and wait for the next position. Go to long position only after 10,500 and open Short position before 12th Feb. The chart by itself showing the fact. Downwards: 9900 - 9840 - 9750 (4hrs Time Frame)
I think this jump was without any real or actual backbone, you will see a heavy drop soon. Its so early to get effected over the halving of BTC, media created a hype again which end of the day will damage the crypto trust to be damaged. Resistance levels: 9540, 9460, 9320, 9 200, 9090 THIS IS ONLY A PERSONAL IDEA, NEVER FORGET 9K ON BTC WAS ALWAYS THE MOST...
Before explaining this idea you have to know that BTC always drop before heavy jump and the expert traders are the ones who buy it ontime. This is exactly what happened in June and May 2018 too. We have only 2 scenario for BTC: 1.Maximum by 21st December 2019 BTC will hit 8,350 and the move towards 13,000 will start right on the track. Considering MA50 and MA100...
It is completely obvious since Binance started FUTURE in its platform, they are transforming the whole crypto market to a gamble table, if you do now understand what I am talking about you need to read this: Market manipulation is a type of market abuse where there is a deliberate attempt to interfere with the free and fair operation of the market and create...
If you get the similarities shapes of 2 top major events happened to BTC then you definitely will understand BTC will hit minimum 15,000 by or before March 2020