/BTC
Interesting point in time. I closed all my shorts and will even consider going long if we break higher. But it's still only a bear flag so flat for now.
$JPM Seems overextended. I wonder if there traders are shorting this market while margin calling there clients.
RSI Divergence line is broken but an Island reversal would be good to indicate a top.
$XBI
Looks like Late cycle behaviour.
14 monthly green candles
RSI above 80 on Monthly chart above 2021
Still might be too early to short with money looking to rotate out of Semis and into $XLV
/BTC
Break of channel needs a weekly close below for confirmation
There is Bullish Divergence but the Bearish Divergence continued for years
Decline is steep & Mean Reversion would be expected but I will position for 3rd leg down (possibly steeper) Unless downtrend is broken