If you like Bitcoin at 18k you will love it at 12k
This is a follow up on my previous two analyses where I pointed out market participants should be very careful with this Bitcoin rally. While I was admittedly wrong on the timing as price moved another 2000 dollars to the upside after my two posts were made, the danger signs are present more than ever:
- volatility on the 3D time frame is still extremely low, vol. expansion more than likely comes to the downside
- 12 - 12 500 was arguably Bitcoin´s biggest resistance of the last three years. Important levels have the tendency to get retested
- 3D RSI is at levels that have historically marked price action local tops (white rectangle on the RSI)
- 12H stochs have finally broken the trend line and since it was tested several times, a break of the trend line should produce violent downside move (picture in comments)
Will be buying BTC in the high 12 000, low 13 000 region which I suspect will provide us with the crypto buy opportunity of a lifetime.
- volatility on the 3D time frame is still extremely low, vol. expansion more than likely comes to the downside
- 12 - 12 500 was arguably Bitcoin´s biggest resistance of the last three years. Important levels have the tendency to get retested
- 3D RSI is at levels that have historically marked price action local tops (white rectangle on the RSI)
- 12H stochs have finally broken the trend line and since it was tested several times, a break of the trend line should produce violent downside move (picture in comments)
Will be buying BTC in the high 12 000, low 13 000 region which I suspect will provide us with the crypto buy opportunity of a lifetime.
Comment:
Break of the trend line on the stochastics
Comment:
Trendline got broken, parabolic uptrend has officially ended and a big swing to the downside is likely
Comment:
3D volatility expansion is finally happening