Hello
We have reached the most serious resistance level on the Visible range indicator. We see the largest volumes, which is a strong resistance.
Another significant indicator for a bull market is the intersection of MA100 and MA200, which is also a buy signal.
But if you look at the historical chart in most cases, after crossing the strong movings and when most traders have one more confirmation of entering a trade, a manipulative move in a different direction occurs and touches the stop loss.
RSI - Overbought
The last upward movement was exponential, after which I expect a correction.
We have a lot of news on the market. Facebook has unblocked cryptocurrency ads, fidelity will start working with cryptocurrencies. Lots of FOMO.
And again for me this is a sign that you need to be careful with the market.
I do not think that we will fall low, because every rollback is an opportunity to buy cheaper for those who did not
We can also fly up without significant correction, if we invest huge money in Bitcoin and then due to the fact that many short positions are eliminated at market price, as well as stop loss, we will break this strong level. I think this scenario is likely to come true after the correction.
Crypto Fear & Greed Index rolls over and now 71 out of 100 this means that greedy people should punish
alternative.me/crypt...ear-and-greed-index/
We have reached the most serious resistance level on the Visible range indicator. We see the largest volumes, which is a strong resistance.
Another significant indicator for a bull market is the intersection of MA100 and MA200, which is also a buy signal.
But if you look at the historical chart in most cases, after crossing the strong movings and when most traders have one more confirmation of entering a trade, a manipulative move in a different direction occurs and touches the stop loss.
RSI - Overbought
The last upward movement was exponential, after which I expect a correction.
We have a lot of news on the market. Facebook has unblocked cryptocurrency ads, fidelity will start working with cryptocurrencies. Lots of FOMO.
And again for me this is a sign that you need to be careful with the market.
I do not think that we will fall low, because every rollback is an opportunity to buy cheaper for those who did not
We can also fly up without significant correction, if we invest huge money in Bitcoin and then due to the fact that many short positions are eliminated at market price, as well as stop loss, we will break this strong level. I think this scenario is likely to come true after the correction.
Crypto Fear & Greed Index rolls over and now 71 out of 100 this means that greedy people should punish
alternative.me/crypt...ear-and-greed-index/
Comment:
There was a second situation
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US Rep Sherman Calls for Crypto Ban, Says It Threatens to Diminish American Power
cointelegraph.com/ne...s-from-december-2017