Bearish Logscale Butterfly with Buyer Exhaustion on Daily RSI
The RSI looks exhausted as BTC continues to try making higher highs and the MACD looks ready to rollover.
There is also confluence with the Logscale 1.618 and the Linear 3.618 at these levels and i would not be surprised if we get a corrective pullback to the 20k area. If 20k doesn't hold then i will change my corrective pullback bias to a capitulative crash bias Aiming for 10-8k
There is also confluence with the Logscale 1.618 and the Linear 3.618 at these levels and i would not be surprised if we get a corrective pullback to the 20k area. If 20k doesn't hold then i will change my corrective pullback bias to a capitulative crash bias Aiming for 10-8k
