Alright so I am going to be honest, I have been into crypto since summer 2017 right when BTC started to make its nice run up to 20k. I have seen the ups and downs in the market, and while I by no means have substantial knowledge of TA, I do believe what I'm doing to be correct. Please correct me if I say something incorrect, otherwise I'll have no idea.
All of the ideas I see on here are either the 15 minute, hourly, or daily, but i never really see ideas on the monthly so I decided to take a look and see what the indicators were telling me (I only know how to use like 5 of them lol). On the monthly the stochastic RSI seems to show huge momentum with the bulls, the MACD crossing (bullish?), and the RSI at neutral. The next things I looked at were the Aroon and NVT indicators. Aroon on the monthly shows momentum with the bulls, however it is slowing. On the NVT, we are way overbought, and every time that we have been overbought like this, there has always been a huge dip (to my little knowledge). So, with all this being said and all of the ideas and TA's and research I've seen, I think that BTC is on the fence for its next move. I think it will go up and test the 10k level and either bust through it, or it will test it and drop significantly.
Please let me know your thoughts and opinions! I'd love to hear any input on my analysis or what you guys will think will happen.
*Not financial advice*
**If you took my financial advice after my preface you would not be smart**
Cheers
All of the ideas I see on here are either the 15 minute, hourly, or daily, but i never really see ideas on the monthly so I decided to take a look and see what the indicators were telling me (I only know how to use like 5 of them lol). On the monthly the stochastic RSI seems to show huge momentum with the bulls, the MACD crossing (bullish?), and the RSI at neutral. The next things I looked at were the Aroon and NVT indicators. Aroon on the monthly shows momentum with the bulls, however it is slowing. On the NVT, we are way overbought, and every time that we have been overbought like this, there has always been a huge dip (to my little knowledge). So, with all this being said and all of the ideas and TA's and research I've seen, I think that BTC is on the fence for its next move. I think it will go up and test the 10k level and either bust through it, or it will test it and drop significantly.
Please let me know your thoughts and opinions! I'd love to hear any input on my analysis or what you guys will think will happen.
*Not financial advice*
**If you took my financial advice after my preface you would not be smart**
Cheers