So we've been following the NVT Signal with a bad call at $8000 when we expected the overbought NVT Signal trend line to be crossed.
This BTC pump is on wall street steroids, meaning also that it is subject to traders taking benefits based on indicators. But let us remember that all rationality and information available is priced in within 15 minutes nowadays, you barely have the time to re-tweet the news, a robo trader has acted already.
It’s been an amazing 16 weeks rally. Is the market ready for a correction ?
Again the NVT Signal is heading down to cross it’s second formed trend line, will it bounce a third time or will it fall below 150 ?
And then, when it falls, to what fib level :
0.5 around $6150
Or down to 0.382 at $5500
What is your accumulation level for this retracement ?
Your comments and shared ideas are most welcome.
This BTC pump is on wall street steroids, meaning also that it is subject to traders taking benefits based on indicators. But let us remember that all rationality and information available is priced in within 15 minutes nowadays, you barely have the time to re-tweet the news, a robo trader has acted already.
It’s been an amazing 16 weeks rally. Is the market ready for a correction ?
Again the NVT Signal is heading down to cross it’s second formed trend line, will it bounce a third time or will it fall below 150 ?
And then, when it falls, to what fib level :
0.5 around $6150
Or down to 0.382 at $5500
What is your accumulation level for this retracement ?
Your comments and shared ideas are most welcome.