Here are the important numbers for 2021 and Bitcoin. Important are weekly and monthly closing prices above or below.
Currently, my energy indicator shows a very high deflection. This means that a high has been formed or will soon be formed and thus a countermovement is pending. This could already be worked off with the circled blue iv. b]Keep watch is therefore important and always Money and risk management, especially if you yourself start to think, "I'm the king of the trading world", just because you have ridden your first impulse.
Could you please explain/elaborate further on this comment "my energy indicator shows a very high deflection"?
StefanBode
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@Shibuia, This indicator tells me that there are many people in a market. It is important for me to know if all the buyers are already in the market, because if no new buyers come in because everyone is already in, then the market will fall all the harder afterwards. Exactly what we just saw with bitcoin.
JohannesX
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@Stefan: Thanks for the update. Have a great monday