- it's a buy on dips. no short sell
- RSI 84... overbought... needs to either break it or cool down...sideways to lower bias
- 11700 should hold on daily for momentum to continue
- resistance at 12800 tested.. need to see
- Shorts on bitfinex have fallen considerably. sign for market topping out for some time
- funding on bitmex has reduced to 0.01 from 0.26 % within a span of 3-4 days.. shorts would automatically fall down
- RSI 84... overbought... needs to either break it or cool down...sideways to lower bias
- 11700 should hold on daily for momentum to continue
- resistance at 12800 tested.. need to see
- Shorts on bitfinex have fallen considerably. sign for market topping out for some time
- funding on bitmex has reduced to 0.01 from 0.26 % within a span of 3-4 days.. shorts would automatically fall down
Trade active:
as predicted, BTC corrected sharply soon RSI reached 84 levels confluence with BTCUSD reaching resistance levels. Check my latest idea on BTCUSD for next leg