Bitcoin: Trader Flags Weekend Whipsaw Setup
Bitcoin at $77305.12 shows RSI at 79.98 as Michaël van de Poppe calls for Sunday gains then Monday drop amid whipsaw pattern.
SourceAnalysis
Bitcoin posted insane Saturday volatility while @CryptoMichNL sat out trades on $TRUMP and $STX, instead forecasting a classic whipsaw with gains Sunday, reversal Sunday evening, deeper losses Monday morning and recovery through the rest of the week.
With BTC price testing upper Bollinger resistance at $81299.21 while RSI(14) flashes overbought at 79.98, a healthy retracement to the 50-EMA support at $69931.23 seems probable before further continuation in the bullish trend above EMA200 at $65866.44; this setup informs BTC price prediction models and crypto volatility patterns that traders monitor to avoid crypto market crash signals.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast