BitcoinShort
3 Flashing Warning Signs
1. TD Sequential on the weekly is now more over-extended then I have ever seen with BTC
2. NVT signal is higher than I have ever seen with BTC and EVERY time it has reached near this level previously we saw a 20-30% correction soon to follow
3. RSI is overbought on weekly and Major bearish divergences on the lower time frames (4, 6 hour)
I posted yesterday about the NVT signal- today I am adding these two other warning signs- I am out of the market now, only playing short plays with tight stop-losses of a couple hundred bucks at most
When the bough does break, it will be ugly, just don't get caught in it, ;-).
2. NVT signal is higher than I have ever seen with BTC and EVERY time it has reached near this level previously we saw a 20-30% correction soon to follow
3. RSI is overbought on weekly and Major bearish divergences on the lower time frames (4, 6 hour)
I posted yesterday about the NVT signal- today I am adding these two other warning signs- I am out of the market now, only playing short plays with tight stop-losses of a couple hundred bucks at most
When the bough does break, it will be ugly, just don't get caught in it, ;-).
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