I want to share an interesting graphic with you.
I want to clarify that it is not the result of my analysis, but it is taken from a youtube video of an important Italian trader that you can view here -
https://www.youtube.com/watch?v=lc-xp1g784o (Italian Language) - I believe in turn taken from a tweet by @throwaway.
Go to analyze a graph with 3 indicators:
NVT
MFI
RSI
On a weekly timeframe, when the 3 indicators were at the highest (only 3 times), BTC subsequently made a correction.
Could this be the 4th case?
Analisys
https://imgur.com/SBpsUF3