You can see on the chart that in late 2021 BTC had 2 peaks with 21 day consolidation between them.
Currently we had 24 days of consolidation and 3 peaks. Almost the same.
After the first peak RSI did not go above 70 anymore even if price moved higher. It was final price extension from people that FOMOed and some ponzi corporations.
Last couple of days RSI dropped below marked box. Most likely bear market for BTC began
Currently we had 24 days of consolidation and 3 peaks. Almost the same.
After the first peak RSI did not go above 70 anymore even if price moved higher. It was final price extension from people that FOMOed and some ponzi corporations.
Last couple of days RSI dropped below marked box. Most likely bear market for BTC began
Nota
On 1W timeframe there is also identical formed top as in november 2021. Same big red candle.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.