*VIEW THIS BTC CHART* Many indicators point to serious trouble
Good evening traders, I've been bringing you the popular LTC charts, but seeing as LTC is so tied to the hip to BTC this is my attempt to warn as many people as possible about the upcoming BTC trouble.
First up you can see the monthly RSI for the monthly chart that shows we're in extreme overbought area, in the left of the chart you'll see the previous RSI levels and the subsequent retracements afterwards. Additionally, in the updated idea comment you will see a link to my chart that shows we have VFI divergence on BTC, to learn more about VFI, feel free to google "Volume flow indicator" to find out the significance. Additionally, the most powerful indicator you can trade off in any market is divergence, and we're currently seeing that on the 4 hour and daily charts, you combine this with the monthly RSI and the previous results, as well as the bearish BTC setup, we're in for a *very* serious correction. Please view the boxed areas and look at the related RSI.
Key Notes:
I do not claim to know when this will happen, however, I am confident it will happen. Because this is such a high interval chart, this could happen tomorrow, in a week, or a month, but with these powerful indicators, it looks almost as if it's a certainty.
Right now, it's more important than ever to see BTC's past, and look at how it behaved when in similar situations, I do not wish to create FUD, but I do wish to help some people out who may have not noticed this yet.
All comments are welcome, and I wish the very best to everyone.
Trade safely, and be careful.
First up you can see the monthly RSI for the monthly chart that shows we're in extreme overbought area, in the left of the chart you'll see the previous RSI levels and the subsequent retracements afterwards. Additionally, in the updated idea comment you will see a link to my chart that shows we have VFI divergence on BTC, to learn more about VFI, feel free to google "Volume flow indicator" to find out the significance. Additionally, the most powerful indicator you can trade off in any market is divergence, and we're currently seeing that on the 4 hour and daily charts, you combine this with the monthly RSI and the previous results, as well as the bearish BTC setup, we're in for a *very* serious correction. Please view the boxed areas and look at the related RSI.
Key Notes:
I do not claim to know when this will happen, however, I am confident it will happen. Because this is such a high interval chart, this could happen tomorrow, in a week, or a month, but with these powerful indicators, it looks almost as if it's a certainty.
Right now, it's more important than ever to see BTC's past, and look at how it behaved when in similar situations, I do not wish to create FUD, but I do wish to help some people out who may have not noticed this yet.
All comments are welcome, and I wish the very best to everyone.
Trade safely, and be careful.
評論:
I have updated this idea @
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Twitter: twitter.com/Jedi_ant
Twitter: twitter.com/Jedi_ant
Not good. Not good at all.