Algorithm

Bitcoin strong weekly sell signals

Short
BITSTAMP:BTCUSD   Bitcoin
My custom indicator shows a 100% probabiolity of a servere drop from Bitcoin's current levels. The weekly sell signals are even worse than at the top of the bull run in 2021. The SPX and NASDAQ are also showing strong weekly sell signals. I suspect some form of significant sell event in the very near future. I would go to cash at this point.

We are #algorithm developers and systematic traders.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.