BTC may be at the top. VSA and Divergence warning a correction
Looks like BTC is baiting people to buy it overpriced.
Oscillators and VSA indicating selling behavior by institutional money.
Once institutions sell off expect bitcoin to fall below $6000
Indicators:
TDI says hidden bearish divergence
Volume bars says Selloff
VSA market structure says BTC is in distribution mode (aka smart money selling to the FOMOs at overprice)
Be careful about FOMO'ing
Since this is a 3 Elliot wave pump Im expecting BTC to fall to $3500 in a few months time with two correction waves.
Oscillators and VSA indicating selling behavior by institutional money.
Once institutions sell off expect bitcoin to fall below $6000
Indicators:
TDI says hidden bearish divergence
Volume bars says Selloff
VSA market structure says BTC is in distribution mode (aka smart money selling to the FOMOs at overprice)
Be careful about FOMO'ing
Since this is a 3 Elliot wave pump Im expecting BTC to fall to $3500 in a few months time with two correction waves.