All the choppiness was with the intent to create this perfect pattern and very symmetric 3 Drives TOP.
Money Flow Index = Overbought level (Last time that happened was a very violent breakdown.)
RSI = Overbought Levels
This movement marked the beginning of 1 Week + 1 Month candle building the upper part of it. Which means it will remain to build the down-part of the 1 Week Candle + 3 weeks in which we can build the down-part of the Monthly candle.
Fundamental
Technical
Money Flow Index = Overbought level (Last time that happened was a very violent breakdown.)
RSI = Overbought Levels
This movement marked the beginning of 1 Week + 1 Month candle building the upper part of it. Which means it will remain to build the down-part of the 1 Week Candle + 3 weeks in which we can build the down-part of the Monthly candle.
Fundamental
- Nothing has changed in the Market cap is the same as it was when it hit the same high's even now Altcoins are randomly pumping and dumping.
- April 26 - Rehabilitation Plan of the APPROVED claims from Mt.Gox creditors which is in the amount of 140.000 BTC & 140.000 BCH approved CLAIMS.
- Google Trends still in All Time Low trends.google.com/trends/explore/TIMESERIES/1554136200?hl=en-GB&tz=-180&q=bitcoin&sni=3 (Weird people are shilling for Venezuela when Nigeria is No.1 Place for Bitcoin interest, land of online scammers)
Technical
- So simple put everything is OVERBOUGHT at high levels. It doesn't have JUICE in it anymore for any big movements without a healthy correction.
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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.