Overview:
Bitcoin is highly overbought now. RSI on weekly chart is above 90%. We think it’s the GREED and FOMO of retail investors which is dragging BITCOIN up. We’re expecting sharp downfall in Bitcoin dominance soon.
Other Option:
There are some other opportunities which seems more attractive than Bitcoin in respect to ROI (Return on Investment). Defi is one of them. Let see DEFI INDEX PERPETUAL CHART:
In this chart, you can see the DEFI INDEX PERPETUAL chart is making BULLISH BLAG which tells us breakout on upside is coming soon.
Following is BULLISH FLAG PATTERN:
You can see the 6th wave is underway.
SIGNAL:
We recommend our readers to invest in DEFI COINS now instead of BITCOIN. Our feverote picks in DEFI are CHAINLINK (current price $10.80) , Yearn.Finance (current price $22,000) , AAVE (current price $72) and REN (current price $0.25)
