If you didn't realize already this is actually an inverted bitcoin chart. The whole chart is upside down. So really all the stuff we see is actually we . We've been making lower highs since January, a death cross took place back in may and currently we are in a with a candle. Nothing about this is at all. This is why my bias is towards the downside. Through making bad trades I've learned that the best thing to do is what the chart says. This chart is therefore I will short bitcoin . If it looks then I'll go long. Simple as that. In my opinion it's easier to see reasons to be with an inverted chart.
If you are on bitcoin because of an or some other big news then become an INVESTOR not a TRADER. As a trader this looks like a great opportunity to continue to short.
that means the whole graph and bearish outlook was wrong i guess