BTC is heavily overbought. The pitchfork has been dead-on accurate so far and the price is just miles away from the Kijun. This is not healthy at all and we will see a correction soon. Think we will see a c-clamp formation between the Tenkan and Kijun (Blue & Red line) soon. Bids would be at the kijun around the 5900-6000 area but I don't think it will reach that.
Kommentar:
Okay so BTC decided to go another leg up... Shorting wasn't bad but I averaged my way to the top so It didn't hurt me but still. FOMO is just ridiculous at the moment but we will see a massive drop soon. Keep your eyes on the Kijun that will be where your bids should be.
Kommentar:
Shorting WAS bad* sorry.