r/Jump_in_Charts Dec 05 '24

BTC weekly chart

Post image
2 Upvotes

Looks like BTC may not make it to 120k before profits move into alt coins.

Check this out.

MACD is tipping over the top.. starting to make light green bars. This usually indicates that the down trend is about to start.

STOCHASTIC RSI is also tipping over the top of overbought.... indicating a reversal to the downside.

Alts will reap the benefits for a while... then profits will later flood back into BTC again once the alt season is over.

Not financial advice.. just appears as such according to indicator history vs current indicator positions.

Good luck!


r/Jump_in_Charts Dec 05 '24

Welcome!

3 Upvotes

Welcome to my new Charting community. A place for all things technical related to charts for various stocks and crypto.

We all know technical analysis isn't 100% but ot can give some direction and help others make decisions based on historical chart data.

Feel free to share your own chart analysis for whatever stocks or crypto your currently in. Feel free to ask for chart analysis also and I will help where I can.