We could see BTC move incredibly fast over the next few days. Past evidence supports that if it can breach the blue within a week, it can make skyrocket.
Otherwise we're retracting again...
The good:
RVI and V.I. (+) are in the sweet spot for a breakout!
The bad:
V.I. (-) is too close to 1 and not giving any signs of a full recess.
Speculation: We've tested this blue region for too long as is, while gains have been made, there is approx 30%+ tied up in the long haul from the last dip to be capitlized on.
Otherwise we're retracting again...
The good:
RVI and V.I. (+) are in the sweet spot for a breakout!
The bad:
V.I. (-) is too close to 1 and not giving any signs of a full recess.
Speculation: We've tested this blue region for too long as is, while gains have been made, there is approx 30%+ tied up in the long haul from the last dip to be capitlized on.
Comment:
As of this post, BTC is down 5%, we are experiencing harsh resistance.
Comment:
Welll... maximum 5%, more like 3.4% on coinbase...