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henribu
Nov 17, 2020 7:58 AM

Most likely a strong correction ahead Short

Bitcoin / U.S. dollarBitstamp

Description

RSI and CMF are clear: we are entering the danger zone on bitcoin. This danger zone has been validated during the bull run of 2015, when both CMF and RSI are overextended on the weekly candlestick, we can expect a large drawdown.
I am still bullish long term on the bitcoin, I expect the price to reach 100k by dec 2021. If you are not in the market now, this pull back is your last chance. Don't be afraid to leverage yourself if the pullback is 30%. You will not regret it.

Comments
MichielVan_Kets
indeed;
henribu
@MichielVan Kets, nice one. Let see how far this parabolic move can go right now.
kaotic363
Very nice analysis!
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