$Bitcoin (BTC.CC)$ macd looks bearish so I expect a minor pu...
macd looks bearish so I expect a minor pull back overnight. however kdj and rsi should push it back up to 68k and maybe more
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EZ_money : I've seen off the charts RSI both up and down runs that lasted forever felt like but that month chart shows downward trend for a while it's a month chart
Unknown678 : Indicators don’t tell you what an asset will do order flow order block and fundamentals (in BTC case; inflows, macros and such) do. Chart reading has been proven to be unreliable and a delusion. Read “thinking fast thinking slow”, engage system 2 (research and analysis, critical thinking ) and not system 1 (pattern recognition)
bruinrcOP EZ_money: Yea the monthly looks bad but it’s looking like a pre stage of a cup and handle forming.
bruinrcOP Unknown678: Now that the blackrock etfs of the world are involved, the algos that control these etfs will somewhat follow some technicals
Unknown678 bruinrcOP: I don’t believe that’s true at this moment, right now they are playing catch up and they are buying regardless of the price, have you seen the inflows? They were buying about 10,000 BTC per day when it was at the ATH, right now it’s a race , technicals be damned