4 signals shows that BITCOIN is overbought.
In this chart we see many signals that indicates that Bitcoin is overbought and that the price will soon be corrected and go back down.
- A trendline connected 3 corrections, but then the price rallied, thinking it doesn't has to come back to the trendline, meaning it is too bullish and is overbought.
- Candlesticks broke above the Bollinger Bands (BB), meaning there is an upcoming reversal.
- RSI is above 70 (=overbought)
- Bollinger Bands %B is above 1 (=overbought)
Using the TBS Strategy, consider selling when the BB %B crosses down.
- A trendline connected 3 corrections, but then the price rallied, thinking it doesn't has to come back to the trendline, meaning it is too bullish and is overbought.
- Candlesticks broke above the Bollinger Bands (BB), meaning there is an upcoming reversal.
- RSI is above 70 (=overbought)
- Bollinger Bands %B is above 1 (=overbought)
Using the TBS Strategy, consider selling when the BB %B crosses down.
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