Well, for some Devine reason, I tend to post when bitcoin is at the top, I’ve found out in my record that I’ve been very accurate at tops, I say this because I can recognize to myself that it hasn’t being the case for the bottoms, so here a go again at a potential new top.
What’s special about this top is that the probabilities are very similar for both sides, up or down. So starting from the fact that charts speak the truth about market nature better than any “news and fundamentals”, I see a 3rd big lower high of the bear cycle, it can still break out to the upside, and that black trend line is my “line in the sand”.
If it breaks out above that line, to be practical, probabilities increases for the bulls and their “bull run to the new highs”.
Fundamentally speaking, to be honest, I don’t see much of an impact because of the halving, of course the halving was an event already priced in for months, but besides that, nothing has really change for the better for the crypto market, even now with the lockdown and the global recession It’s seems impractical to “invest” in this space while we have a lot of other sectors or industries calling for help, but what do I know right? Fans will be fans forever.
Well, Let’s see what happens now, maybe we’ll see new lows :) still possible. I’m a bear I know ❤️
What’s special about this top is that the probabilities are very similar for both sides, up or down. So starting from the fact that charts speak the truth about market nature better than any “news and fundamentals”, I see a 3rd big lower high of the bear cycle, it can still break out to the upside, and that black trend line is my “line in the sand”.
If it breaks out above that line, to be practical, probabilities increases for the bulls and their “bull run to the new highs”.
Fundamentally speaking, to be honest, I don’t see much of an impact because of the halving, of course the halving was an event already priced in for months, but besides that, nothing has really change for the better for the crypto market, even now with the lockdown and the global recession It’s seems impractical to “invest” in this space while we have a lot of other sectors or industries calling for help, but what do I know right? Fans will be fans forever.
Well, Let’s see what happens now, maybe we’ll see new lows :) still possible. I’m a bear I know ❤️
Trade active:
On the weekly looks clearer, chart speaks by itself.
On the weekly looks clearer, chart speaks by itself.
