BTC exploding up overnight trapping shorts from the push down yesterday to $7,600.
We are seeing daily RSI break 70 for the first time since all time highs.
There is a very clear sentiment shift as more and more people get hopeful for the ETF to be approved.
Alts continue to get crushed compared to BTC strength.
My visual target on the weekly was low $8,000s and here we are, so I am looking for clues as to what kind of continuation we could see.
I will keep my swing position as long as 4 hour higher lows are maintained.
Bulls should not be looking for entries up here. The last 3 15 min oversold RSI have been great entries.
We are seeing daily RSI break 70 for the first time since all time highs.
There is a very clear sentiment shift as more and more people get hopeful for the ETF to be approved.
Alts continue to get crushed compared to BTC strength.
My visual target on the weekly was low $8,000s and here we are, so I am looking for clues as to what kind of continuation we could see.
I will keep my swing position as long as 4 hour higher lows are maintained.
Bulls should not be looking for entries up here. The last 3 15 min oversold RSI have been great entries.
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