I remember so clearly in November 2021 when Bitcoin showed bearish divergence on the weekly charts.
We might all be suffering from PTSD and fear the same outcome, especially with the potential for a double top.
If BTC is able to stay above the 1D 200MA, as well as the RSI remaining above 50, there may be hope... If not, i.e. a weekly close below and retest of the 1D 200MA; RSI <50, there might be a real cause for concern.
This, supported by a declining RSI would most certainly be a bearish signal and a shift in market trend.
Nobody knows the future and I think we're all running on hopium due to all the positive news about BTC this year.
Until BTC makes a new ATH, we may want to manage our expectations.
What are your thoughts?
We might all be suffering from PTSD and fear the same outcome, especially with the potential for a double top.
If BTC is able to stay above the 1D 200MA, as well as the RSI remaining above 50, there may be hope... If not, i.e. a weekly close below and retest of the 1D 200MA; RSI <50, there might be a real cause for concern.
This, supported by a declining RSI would most certainly be a bearish signal and a shift in market trend.
Nobody knows the future and I think we're all running on hopium due to all the positive news about BTC this year.
Until BTC makes a new ATH, we may want to manage our expectations.
What are your thoughts?
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。