BTC stochrsi into way overbought territory. We have seen the biggest dollar per coin rally so far, with positions up $2200 per coin if you bought under 2k. We have just pretty much hit the 1.61 extension of the first wave up, which was a great place to sell at in this price discovery mode. We are 100% in euphoria or getting near it, with everyone and the media high on life with bitcoin. Hopefully we could see a retrace once again to the 0.5 fib level of the move, signifying once again one more final leg up, which sell targets would be the new 1.61 fib extension. Very likely to happen.
Comment:
Nailed this perfectly.