Im open to percieve the market in both bullish and bearish scenarios but Bitcoin simply isnt showing bullish price action in my opinion.
I would feel more bullish if the price would break resistance more often then negating it like it does when its certainly in a bull market.
Price continues to contract which indicates a breakout is looming (obvious enough)
I would like to see bitcoin break above 10500 atleast and hold above it for a few days in order to be more bullish but its been doing the opposite.
Candle closes for the past 13 day: 11 out of 13 candles have all closed below 10500. One candle tested it and showed rejection.
Im bearish on bitcoin but the market tells us whats right so i could be potentially wrong about my analysis.
I would feel more bullish if the price would break resistance more often then negating it like it does when its certainly in a bull market.
Price continues to contract which indicates a breakout is looming (obvious enough)
I would like to see bitcoin break above 10500 atleast and hold above it for a few days in order to be more bullish but its been doing the opposite.
Candle closes for the past 13 day: 11 out of 13 candles have all closed below 10500. One candle tested it and showed rejection.
Im bearish on bitcoin but the market tells us whats right so i could be potentially wrong about my analysis.