Weekly RSI and NVT >> Further short term upside before big dump!
Dear cryptoland,
Update on Bitcoin!
Weekly RSI has a bit further upside to the green line; historically this has been the upside resistance in the long-term bull market, as you can see.
Weekly NVT signal has no longer any upside if we were to look at history. It looks like it has topped out and is ready to dump anytime soon.
I expect the #Bitcoin retrace to begin in end of May or early June, in a few days time. Before then, we'll probably test $9,600-9700 this week.
June will probably be a red month; but Bitcoin is very bullish this year! A healthy retracement back to the $6,000-6,400 levels will be excellent for this bull run continuation. 35-45% is to be expected.
Cheers,
Leb Crypto
Update on Bitcoin!
Weekly RSI has a bit further upside to the green line; historically this has been the upside resistance in the long-term bull market, as you can see.
Weekly NVT signal has no longer any upside if we were to look at history. It looks like it has topped out and is ready to dump anytime soon.
I expect the #Bitcoin retrace to begin in end of May or early June, in a few days time. Before then, we'll probably test $9,600-9700 this week.
June will probably be a red month; but Bitcoin is very bullish this year! A healthy retracement back to the $6,000-6,400 levels will be excellent for this bull run continuation. 35-45% is to be expected.
Cheers,
Leb Crypto