Major BTC Dump Coming (This Week?)

9 de fev. de 2021

• 1. Divergences on the 4 hr and 12 hour time frame.
  2. Trading at 2x the 21 Week EMA
  3. Fear / Greed Index at 95 out of 100. Was at 94 before prior dump.
  4. "The News" is Euphoric.
  5. USD is in uptrend since Jan 6 and his holding the trend line as support.
  

Forward:

Strong possibility that we will fade the Pi Cycle Top Indicator to avoid a cross which means the bull run can resume after BTC corrects to 23K - 27K range.

BTC may go through a long period (3-6 months) of sideways consolidation and during this time I expect alt coins like EOS, ETC, BCH, and XRP to shine.

I expect BTC to close the 4th Quarter like Tom Brady or Michael Jordan.