Following the parabolic rise of BTC to 8300, we are in for a correction. The NVT Signal is showing Epic overbought proportions and the last rise was stopped by the NVT trendline. Next move is down to correct the overbought signal.
What is your level for this correction ?
0.618 drop from top to 5260USD
0.69 drop from top to 4900USD
...?
What is your level for this correction ?
0.618 drop from top to 5260USD
0.69 drop from top to 4900USD
...?
Comment:
Thank you for your comments, I revised my charting to present correctly my question on the NVT Signal.
