hydrix95

Possible Overextension

Long
hydrix95 Updated   
BITSTAMP:BTCUSD   Bitcoin
An interesting statistical outlier on Weiss Waves shows that a continuous push like this is typical in a full bear run, yet BTC is only down a few percent. This indicates a possible bounce, or distribution for around 12H before heading down more. Notably, the 2019 run did not show any such wave on the 4H until 14K
Comment:
just as expected we've cooled down with a couple of green candles for about 12 hours now, let's see if the pump can hold
Comment:
and that would be a yes. Cheers!
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.