Right now we are at a Critical momoent for BTC, the massive influx of FUD we had this year from the big players in the financial world has created a lot of ease for downtrend reversals to happen, as momentum is more easily gained when going down (with social media posst of CRYPTO IS DOWN SELL EVERYTHING) causing chain reactions of selling.
At this point the RSI does not show BTC to be overbought, not the Ichimokou clouds show BTC to ready for a Downtrend. But both indicators are dangereously close to showing a posible downtrend in the next hours, a little more FUD is the only thing needed for that.
At this point the RSI does not show BTC to be overbought, not the Ichimokou clouds show BTC to ready for a Downtrend. But both indicators are dangereously close to showing a posible downtrend in the next hours, a little more FUD is the only thing needed for that.