This is an highly manipulated asset, the question is which whale is pulling the trigger first.
Many other will follow and retail will hold the bags. As everyone is going into bitcoin right now.
I have overlayed the RSI with an adaptive moving Average. It goes tighter on phases of high volatility .
There are 3 occurrences as marked in the chart, the two prior parabolic moves have led to an blow off top.
The question here is when it will be? I am looking for the break, as we are reaching the mid-line of an longterm trend channel.
The volume on the left-side shows there will be no real support until around 11k.
Many other will follow and retail will hold the bags. As everyone is going into bitcoin right now.
I have overlayed the RSI with an adaptive moving Average. It goes tighter on phases of high volatility .
There are 3 occurrences as marked in the chart, the two prior parabolic moves have led to an blow off top.
The question here is when it will be? I am looking for the break, as we are reaching the mid-line of an longterm trend channel.
The volume on the left-side shows there will be no real support until around 11k.
Comment:
The adaptive moving average was crossed to the downside today. Now let the bearish scenario play out.
Comment:
VolumeAnalyse gave a sell signal:
