Scary but also beautiful! How is it possible? We see clear downtrend and now it’s confirmed also by Options Sentiment indicator at the bottom (both signals aligned - more volume in Put Options than Calls (orange vertical bars) & red background showing sentiment of Options indicator. Both are Bearish now.
But when BTC will reverse (and it will happen somewhen in future) we have so many untested Virgin VPOCs to fill in! And believe me - Virgins are always retested 😉 Last but not least - check blue Volume Zone from VSA Scanner, where we’re close to its’ top edge. Reversal point? I am NOT entering Long (yet), but I keep closely observing BTC.
Options combined with VSA are complete trading suite if properly used. I've created tools available for everyone which are universal (works on multiple types of instruments). Start getting your edge in trading today!
that's is right...not sure how I can share screen shot with you... they are lowerinf long term rsi's... while they are doing that stock/coins lowering ans side move... 38500 key value...if go below I can't imagine what may happen but coin market is doing what they can...all normal .. cheers
@friscotrader, thanks for comment! You can from your chart use option "Copy link to image" and paste it in comment. I fully agree with your comment and know what you mean.
they are lowerinf long term rsi's...
while they are doing that stock/coins lowering ans side move...
38500 key value...if go below I can't imagine what may happen but coin market is doing what they can...all normal ..
cheers