$BTC at $65500 ...monthly RSI is above 90...
EXTREME EUPHORIA AND GREED GRABS THE MARKET
BTC monthly RSI is at 93 which is higher than the RSI at $69,000 ATH. WHILE BTC remains extremely overbought on all higher timeframes,the fear and greed index also crosses 85 which was again historically the highest.
IT is very hard to predict whether BTC will correct or not... SOME golden words by LEGENDARY INVESTOR WARREN BUFFET come to mind.
"WHEN EVERYONE GETS GREEDY ....FEAR
and WHEN EVERYONE FEARS....YOU SHOULD BECOME GREEDY"
If this is the real bull market one thing is for sure... BULL MARKET CORRECTIONS ARE MORE FIERCE AND FASTER...
LAST TIME BTC FIRST TOUCHED 65,000$ there was severe capitulation to $28000 within a couple of weeks.
WE have had a non-stop move from $38000 to $65500. I can just hope and pray that the small investors have benefited from this upmove and the most important thing... SMALL investors and traders could take their profits home and not loose what they have earned.
JUST REMEMBER : A CANDLE BURNS THE BRIGHTEST JUST MOMENTS BEFORE IT IS ABOUT TO COMPLETELY MELT.
TRADE SAFE TRADE SMART
DONT BECOME THE EXIT LIQUIDITY
