BitcoinShort
3 Flashing Warning Signs
1. 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, ;-).
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, ;-).
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.