May I ask why? Is it because the RSI is too high? Or is it because BTC reaches 6.8K resistance which is difficult to break through?
magu717
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@pukkinming, good analytical skills I can see you keep your eyes wide open. Yes the RSI is too high but I was not intending to show that I kept that window open as an accident, because when bitcoin does a bull run trading on divergence becomes completely useless just look at past RSI during the bull runs (maybe only the first break outs can help but then the graph gets completely distorted). Yes you could always give a look at the RSI if you want but the way I know this is because bitcoin still has to complete the structure so I would definitely not enter a trade now for a quick buck. I am not gdo so I can not predict the future but this is just from my personal experience ...
UnknownUnicorn2629550
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@magu717, thanks for ur sharing. I think there will be a retracement soon, either 6.4k or even 6k. Let's see.
letsgetit
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Why no retracement
magu717
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@letsgetit, no use market manipulated by high frequency trading futures.