For some reason crypto traders are always bullish

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
I love and believe in bitcoin and what it stands for just as much as the next person who has actually read the whitepaper and understands what the true value bitcoin provides but when it comes to trading and price action that bias is disastrous to your equity and strategy. The RSI has been putting in bear div's since May 20th yet many remain bullish and despite the simple and obvious clear indication of weakness still most disregard it as if it isnt there and this is a great example for myself as to. know when to step back and just follow the technicals.


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