Notice how the MCOBTC chart diverges from the MCOUSD chart. This is a strong bullish signal.
So, what's happening behind the scenes?
Bitcoin has begun a massive rally while MCO bears are shorting the market. And yet, the value of MCO in USD is increasing! This implies that Bitcoin's growth is greater than MCO's loss.
Further, a violent reversal on the MCOBTC chart is expected so that it syncs with MCOUSD chart. The reversal will be more violent as the divergence increases.
It is very likely that MCO perma-bears erroneously thought that it would be a good decision to short the market while BTC goes on a massive bull run. Watch as many players get stopped out of the market and lose their position.
This is exactly why we don't short the bottom of the market.
It's time for bulls to sit back and relax as the price moves very much in our favor.
So, what's happening behind the scenes?
Bitcoin has begun a massive rally while MCO bears are shorting the market. And yet, the value of MCO in USD is increasing! This implies that Bitcoin's growth is greater than MCO's loss.
Further, a violent reversal on the MCOBTC chart is expected so that it syncs with MCOUSD chart. The reversal will be more violent as the divergence increases.
It is very likely that MCO perma-bears erroneously thought that it would be a good decision to short the market while BTC goes on a massive bull run. Watch as many players get stopped out of the market and lose their position.
This is exactly why we don't short the bottom of the market.
It's time for bulls to sit back and relax as the price moves very much in our favor.