Yes, BTC is overbought. RSI is hovering at 69 ish. $5,600 ish is probably, maybe, possibly the high for now.
The Technical Analysis guys like Willy Woo say we hit bottom in December, BUTT a major pullback is imminent.
April 2, 2019 saw a whale make a 20,000 BTC sale across 3 exchanges. This $100 Million Move marked $50 Billion in Speculation across the Coin Market Cap.
April 4, 2019 saw the highest number of Contracts on the CME BTC Futures Market @ 22,542.
THIS IS NOT INVESTMENT ADVICE, THIS IS JUST MY OPINION.
-ADUMB-
The Technical Analysis guys like Willy Woo say we hit bottom in December, BUTT a major pullback is imminent.
April 2, 2019 saw a whale make a 20,000 BTC sale across 3 exchanges. This $100 Million Move marked $50 Billion in Speculation across the Coin Market Cap.
April 4, 2019 saw the highest number of Contracts on the CME BTC Futures Market @ 22,542.
THIS IS NOT INVESTMENT ADVICE, THIS IS JUST MY OPINION.
-ADUMB-
Comment:
BTC just dropped $550!
Comment:
We all knew Tether / USDT was BULLSHIT ! The NY Attorney General has a major case against Bitfinex. That was the reason for the drop. Expect more short term pain.
Whenever I see a $50 Billion Dip is when I get interested.
"Be fearful when others are greedy. Be greedy when others are fearful."
-Warren Buffet
Whenever I see a $50 Billion Dip is when I get interested.
"Be fearful when others are greedy. Be greedy when others are fearful."
-Warren Buffet