BTC: 3 Warning Signs

8 dic 2024

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Hello Monstralians,

BTC shows three warning signs on the weekly chart.

First, the RSI is in the overbought zone. This means the price may be too high, and a pullback could happen.

Second, the Greed and Fear Index is at extreme greed levels. The market is very greedy, it can be a warning that a correction might follow.

Lastly, a Market Maker candle has appeared. This candle suggests that big players are squeezing positions, and their aggressive actions may bring sharp movements in the coming weeks.

These signs don’t mean a price drop, but traders and investors should keep them in mind and consider them for their next actions.

Happy selling ;)