The 1D RSI is overbought on total 2 and looks like it needs to reset and I suspect we need to come down and touch the 20 day EMA as it acts as support and this is 10-20% retracement. This is bullish for the market and also needed for us to go higher.
Note: not financial advice. Let me know what you think of this idea ?
Trade closed: target reached
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I hope some people went into cash and could buy as this was a bargain coin hunting opportunity.
The fact that multiple indicators show this and the fact that b itcoin dominance is at a key support level tells me that it's a good idea to at least go out of some positions right now. The dip seems inevitable at this point.
EMA34TRADER
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@impossibleLemu38006, Hope you managed to pick up some bargain coins on the dip. :-)
impossibleLemu38006
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@zabaroptik, all I can say is, what a crazy call on this and thank you so much for posting this chart. I had a feeling myself that the trend would reversal would happen, so I sold 75% of my positions to buy back later. When I woke up I was absolutely shocked to see this happen, but at least I'm not on the bad side of this.