Potential Bitcoin Weekly Top - Retrace Before Rally Continues

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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The exuberance is starting to fade according to my experience and by the fact that the Money Flow indicators are getting weaker while RSI is above 70, a classic sell area.

I expect a retrace to the 260 USD area before the rally goes on. Current price is 278 USD.
Nice call! Happened quickly.
+1 Reply
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