$BTC topping out or breaking out
AS the analysis scratch their heads for clues as to what is going to happen next and whether we are going to endless go up and up all sorts of possible permutations and combinations are being used to find the exact direction of BITCOIN.
HERE ARE SOME OF THE RAREST TYPE OF INDICATIONS THAT ARE BEING USED RIGHT NOW.
1) THE WEEKLY AND THE MONTHLY RSI
Both being in extremely overbought territories above 90
2) THE BULL-BEAR INDICATOR BY CRYPTOQUANT
For the first time in recent history this indicator has flashed OVERHEATED .... meaning BITCOIN might reverse soon.
3) THE WYCKOFF WAVES AND PERCENTILE CHART ON DAILY TF
The 5 wave indicator is showing this is the 5th wave on daily timeframe.
ALSO AN INTERESTING PERCITILE WAVE CHART SHOWS BITCOIN HAD RISEN
1) 13.7% in its first uprise
2) 26.7% in its second uprise
3) 26.7% in its third uprise
4) $66900 would be approx 13.7% level in this current 4th uprise.
JUST MARK THIS POINT:
THE RECENT HIGHER LOW FOR BITCOIN WAS 61,300$ and then it was $58,800 and then $50500 . One should be cautious if BTC breaks the first higher low and be worried if BTC breaks the second higher low but throw in the towel and run once BTC breaks the THIRD HIGHER LOW of $50,500
TRADE SAFE TRADE SMART
DYOR
