BTC volume is NOT heavy, small amounts of buying, mostly selling.Shorting is at the highest levels since October.
People are/got FLUSHED. This is VERY healthy as it gets rid of greed.
#BTC could take 1-6 months to resume up trend,
Weekly chart shows #bitcoin forming a DOJI last week. 50-60k possible bottom process, we warned.
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1 Thought we were wrong on
BTC call but it's looking more like a reality.#Michaelsaylor = horrible price picker & something's not right over there, selling lots of
MSTR, anyway.2 Updated what we believe is better #BTC trajectory.
3 #Bitcoin RSI & $ Flow were at historical tops.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.