Decrypt0

BTC - Bear or Bull market? A assessment

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Comment: Accelerated Bull Market?
Extrapolated fractal.
Judging by the stoch it has a similar pattern to the one on the left from 2016 which caused a big pullback before picking up the rally
of course it's still bear market! Go short! All in!
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Decrypt0 pogodin
@pogodin, facepalm ! We have 0 confirmation that the bear market is still relevant, it might not be or it might be. the only conclusion we can draw is that the most likely is that bitcoin is starting to build a bull market given the recent rise in price (bull trap you say) i say thanks to decent TA people could have bought at 3.5k when we had bullish divergence and sell now when we have bearish divergence, doesn't need to be that difficult.
We will see how BTC handles the support later! Bullish volume speaks louder than bearish volume right now.
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