The risk value for the BTC top indicator is still only at 7.48. Major tops occur at over 10. So according to this indicator, a major top is still a good ways away.
That being said, now is a good time for BTC to cool off since several top indicators are nearing triggers including the coin value days destroyed and realized price extensions, the net unrealized profit and loss, and the plus directional movement indicators.
That being said, now is a good time for BTC to cool off since several top indicators are nearing triggers including the coin value days destroyed and realized price extensions, the net unrealized profit and loss, and the plus directional movement indicators.
Note
The last note about BTC cooling off turned out to be a good call locally and the broader point of the risk still being not super high has worked out as well. 
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.
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.