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chartreadingpro
Jan 20, 2021 1:15 PM
Crypto sector is overbought. Correction is ahead.
Short
(BITSTAMP:BTCUSD+COINBASE:BTCUSD+BITFINEX:BTCUSD+BITTREX:BTCUSD+BITMEX:XBTUSD.P)/5
1W
(BTCUSD+BTCUSD+BTCUSD+BTCUSD+XBTUSD.P)/5
Bitstamp
Description
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Jan 20, 2021 1:15 PM
Price reached the global resistance line.
Price/volume relationships show lack of bullish progress despite the high volume of trading. It means the profit-fixing action from professional side who SELL coins to the FOMO-flow of newcomers.
That is why market does need some correction.
Supply and Demand
Support and Resistance
Trend Lines
BTCUSD
Bitcoin (Cryptocurrency)
bitcoinforecast
Cryptocurrency
crypto
signals
SELL
More