BTC: 3 Warning Signs
2024-12-08

BINANCE:BTCUSDT   BITSTAMP:BTCUSD   COINBASE:BTCUSD   BYBIT:BTCUSDT.P  

Hello Monstralians, 

BTC shows three warning signs on the weekly chart. 

First, the  RSI  is in  the overbought zone . This means the price may be too high, and a pullback could happen.

Second, the  Greed and Fear Index  is at extreme greed levels. The market is very greedy, it can be a warning that a correction might follow.

Lastly, a  Market Maker candle has appeared . This candle suggests that big players are squeezing positions, and their aggressive actions  may bring sharp movements in the coming weeks .

 These signs don’t mean a price drop, but traders and investors should keep them in mind and consider them for their next actions.

Happy selling ;)