No trendlines needed here --
BTCUSD
tested resistance at $10k and failed catastrophically. Everyone is calling for huge upside, but we have downward supercrosses and multi-timescale convergence on the 1H and 2H timescales. When price and RSI are synchronized, the reaction is very strong. If you were planning on buying today, I'd hold off until we confirm a solid break above $10k, otherwise, you're going to get trapped in some short term downside.
BTCUSD
tested resistance at $10k and failed catastrophically. Everyone is calling for huge upside, but we have downward supercrosses and multi-timescale convergence on the 1H and 2H timescales. When price and RSI are synchronized, the reaction is very strong. If you were planning on buying today, I'd hold off until we confirm a solid break above $10k, otherwise, you're going to get trapped in some short term downside.
Сделка активна:
Obviously, the call was correct. I was >99% certain of this call for the short term, but lets see how it materializes for the long term.
That being said, if you're not out of BTC now, I suggest doing it sooner rather than later. It has a pending 12H hypercross (price action moves faster than the RSI can keep up with it). For reference, ETH had a 1H hypercross about 12 hours ago at $830, and it caused the price to crash down to $750 in a matter of hours. The power of a 12H hypercross on BTC, if realized, could be an absolutely devastating.
If you're brave, you could try to wait for BTC to touch back up to the resistance in the $9700s, but I advise walking away in case of sustained downside momentum.
That being said, if you're not out of BTC now, I suggest doing it sooner rather than later. It has a pending 12H hypercross (price action moves faster than the RSI can keep up with it). For reference, ETH had a 1H hypercross about 12 hours ago at $830, and it caused the price to crash down to $750 in a matter of hours. The power of a 12H hypercross on BTC, if realized, could be an absolutely devastating.
If you're brave, you could try to wait for BTC to touch back up to the resistance in the $9700s, but I advise walking away in case of sustained downside momentum.
The next 48 hours are critical.