Flip through your daily savings records and you’ll come across a very interesting comparison set.
Two weeks ago on July 29, the Bitcoin four-hour short-term indicator was 94 — extremely overbought.
Today, the same indicator is 2.6 — extremely oversold.
And what about the prices on these two days? 64,343 and 64,114—only a 0.4% difference.
The indicator went from one end to the other, while the price stayed almost in place.
📌 Extreme readings refer to “where it sits relative to the recent K-bars,” not “it’s about to reverse.” If you treat it as a reversal signal, you’ll be tricked back and forth twice in these two weeks.
When the indicator calls something extreme, will you take it as a signal directly, or will you first check whether the price confirms it? Comment and let’s discuss.$BTC $ETH
⚠️ Observations and sharing only; not investment advice.
#BTC #加密貨幣 #Market Analysis
Two weeks ago on July 29, the Bitcoin four-hour short-term indicator was 94 — extremely overbought.
Today, the same indicator is 2.6 — extremely oversold.
And what about the prices on these two days? 64,343 and 64,114—only a 0.4% difference.
The indicator went from one end to the other, while the price stayed almost in place.
📌 Extreme readings refer to “where it sits relative to the recent K-bars,” not “it’s about to reverse.” If you treat it as a reversal signal, you’ll be tricked back and forth twice in these two weeks.
When the indicator calls something extreme, will you take it as a signal directly, or will you first check whether the price confirms it? Comment and let’s discuss.$BTC $ETH
⚠️ Observations and sharing only; not investment advice.
#BTC #加密貨幣 #Market Analysis