Updating my TA outlook. (Those uninterested can just skip past this note.)

Two days ago I posted that if Bitcoin doesn't do another $3000 rise in two to three days then it'll be confirming a strong Bearish Divergence on Price vs Momentum, which could spell a short term correction and some cheap sats.

Well.. it did manage to rise another $3000 in two days so... here's a short update.

RSI on daily TF broke through the resistance but is still not making new high.

At this point we can expect a small correction to establish a new support, if the support will hold, I haven't looked at the volumes yet.

This means that a bearish divergence is still in the picture, but it's looking really good on 3D and 1W TF and if a support can be established on the former resistance line on RSI then we could see some more upside actions.

Still the same conclusion, stay humble, stack sats, don't get in a leveraged position.

Plebs are fine either way as we either stack cheap sats, or say Bitcoin is winning.

GM,

Bitcoin over 40k again

I thought I'd share my perspective as a former trader for those who might be interested.

Btcusd is making a new locak high but the momentum is slowing down on the daily timeframes, a lot of traders will be watching this closely.

If btc fails to do a $3000+ candle to the upside in a day or two then it will be quite dangerous as it'll confirm a bearish divergence.

Hodlers and stackers have nothing to worry about, tick tock next block, Bitcoin will never stop. But leveraged degens should consider lowering their leverage.

For now, let's see how this plays out a few days from now.

Last minute changing for lunch

is not always good at all ...

GM ☀️ #siamstr

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