texagg22
Short

Bitcoin Is Extremely Overbought. Big correction looming.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I personally do not believe we will see a 61 percent decline however it is the average of all the three previous dumps. I beieve 5.4k will hold us personally. Time will tell but be safe and please like and share for awareness.
Comment: Update on the daily/short term situation

We are getting a correction. The "Correct" price for Bitcoin is thousands of dollars higher than where it is now.
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texagg22 BitcoinBearSlayer
@BitcoinBearSlayer, just remember, pigs get slaughtered
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@texagg22, Good thing I'm a Perma-Bull then.
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From December 2017 to Mar 2019 (the longest period of BTC's history) without being overbought in stochs rsi
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texagg22 voidarkterror
@voidarkterror, nice observation bro
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Great post.
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texagg22 london55555
@london55555, many thanks
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Very clear, I agree. Nice work. Looks a little bigger than 61.9% ...Overboughtg is very long.
I see a correlation with the NVT indicator.
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texagg22 DalimilBrodsky
@DalimilBrodsky, not a bad take with the nvt comparison. thumbs up
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We can only get so "overbought" there are only about 4 million available for trade. If we truly ever get to overbought you won't be able to cover your shorts and ANY price.
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