As we all know bitcoin has been in a bear market, you can see where i have placed the green arrows these spikes/push of the bulls are becoming shorter each time.
Now in order to determine a change from a bear market we will need to see solid candles above the green line!!
(If you read posts about btc being bullish the author is obviously heavily invested and emotionally invested. Its not hard to squeeze a chart dating back to 2012 and say "btc keeps going up and up".)
You can see this blue line is quite a crucial point and lately btc has become indecisive on whether it will bounce off like the previous trends.
Now for the red line if we dip below the blue line substantially the red line is where we are going to go its the only next support line.
hence why toying with the blue line is such a crucial and indecisive point. if your thinking about longing btc now you're better off putting it on red or black at a roulette table because you are gambling that it will spike off the line.
Either way the next move for btc will be huge!
Thanks all for reading!
Now in order to determine a change from a bear market we will need to see solid candles above the green line!!
(If you read posts about btc being bullish the author is obviously heavily invested and emotionally invested. Its not hard to squeeze a chart dating back to 2012 and say "btc keeps going up and up".)
You can see this blue line is quite a crucial point and lately btc has become indecisive on whether it will bounce off like the previous trends.
Now for the red line if we dip below the blue line substantially the red line is where we are going to go its the only next support line.
hence why toying with the blue line is such a crucial and indecisive point. if your thinking about longing btc now you're better off putting it on red or black at a roulette table because you are gambling that it will spike off the line.
Either way the next move for btc will be huge!
Thanks all for reading!