is overbought but hasn't really created any type of divergence, while has had zero downside follow through. It appears a move up is in the cards this weekend.
for those of you who are new to my readings. I ladder my positions in crypto. I laddered in buys from 6300 down to 3300 in a martingale fashion. We have an average position of roughly 4300 right now so we are very much in profit. You can check out one of my previous posts where I specifically call out that I bought down at the 3,300 range for my final ladder position. I will outline what i do next once the market decides to move some more.
Happy trading and holding. For this next move, make sure you pick your exit points guys.
Last idea FYI -
The other things to consider. If people need to get rid of Tether, those people are going to want to move their's tethers into crypto. If this happens, we would get a massive spike up like we did a few months ago when btc went from 6k to 7.5k rather quickly and back down. Will be interesting to see what happens...