BITCOIN - 2018 BOTTOM VS 2019 "TOP"
So, let's flip the current chart and assume Bitcoin would in this type of downtrend.
Would you short this set-up?
1) level 30, with . (inverted)
2) Sell getting noticably weaker every drop .
When these two happen on a high timeframe, it's generally a strong reversal sign. Though this latest rally hasn't really respected any technicals.
But funny enough, this is exactly what happened in the 2018 bottom before the reversal. Here's the chart: