As you can see the breakout had 3 days of rising volume and OBV also broke out so it should bne legit. On daily the upper band of the TMA bands is being tested, probably soon we'll see a retracement, I suppose the former resistance is now the support to test, however if the euphory continues we could see another peak of the price while RSI stays below the "overbought zone".
I'd look at opportunities to short although I usually don't trade BTC, I use it mostly as indicator on when to buy alts.
Good luck
I'd look at opportunities to short although I usually don't trade BTC, I use it mostly as indicator on when to buy alts.
Good luck
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I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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.