At this point, most technical indicators have breached into overbought territories especially in the higher time-frames. Bitcoin may be just about out of rocket fuel for now.
As a trader, I'm always looking out for conditions that can cause a change of trend ahead of time.
To most people, right now the seas seem calm, the skies look clear, and it might even appear as if we should blast straight through 10k or beyond in the coming days.
I do not want bitcoin to go down, however, I can feel a storm brewing and think BTC will see some rough seas ahead.
Check out this current setup in the plot of versus ...
has fallen outside the bottom band, indicating a very extreme condition. This likely means investors have become complacent and comfortable in their positions, perhaps a little bit too comfortable.
This will likely trigger a broad market sell signal once the indicator comes back within its bands.
Always adapt, be realistic with yourself, control your emotions, and prepare for condition changes ahead of time. It looks like there could be some choppy waters ahead so please be careful!
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Good luck :)