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Selling Climax: A Sign of Bitcoin Reversal or Consolidation?

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First published at 01:30 UTC on May 26th, 2023.

#bitcoin
#btc
#crypto

Calvin Weight

calvinweight

subscribers

Today we saw a selling climax. Normally these establish local bottoms and we saw that with the reversal up into a green close today. The question is now whether the momentum will carry us or if we need to consolidate for a bit and then start a fresh…

#bitcoin #ethereum #crypto #trading #investing #cryptotrading #cryptocurrency #btc #eth

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***WARNING*** All bitcoin, ethereum, crypto, and other content reflects the personal opinion of Calvin Weight and anything stated or implied does not speak for any company in any official status. I am not a licensed or accredited financial advisor and no opinion should be taken as financial or trading advice. It is safe to assume that I am invested in or have a financial interest in everything that I talk about here so my opinions are skewed. Trading especially with leverage is risky - do not invest money you aren’t prepared to lose.

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