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CC deviation overlays warning at mid 80k's red not to long, was right again.
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12h $BTC chart has also been red since the first time price started hitting 87k... this is typically an exhaustion of trend warning not to try new longs
we're nearing the weekly close and $BTC is poking back above the 4h ribbon.
If this is a trap it shouldnt get much above 84k, maybe 84.5k before getting back under the ribbon again.
Next week will be interesting! Where do you think BTC is going?
we're nearing the weekly close and $BTC is poking back above the 4h ribbon.
If this is a trap it shouldnt get much above 84k, maybe 84.5k before getting back under the ribbon again.
Next week will be interesting! Where do you think BTC is going?
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4h $BTC deviation overlays still red here.
They're really pushing it, but red is usually a warning to not open fresh longs, and is usually followed by either a pullback if not a complete reversal as you see by the opposite (blue) on the left of the chart before the run from 60k to 87k