CryptoAims

The end of the bear market doesn't seem close! - BTC update!

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Zoom out and you will see that we are too far from an end, end of the bear market! All three Bollinger bands are pointing down creating downward momentum. We have now attempt on daily time frame to close above top Bollinger band that would invalidate this downward momentum that is active on weekly time frame but we got rejected 3 days in a row from top Bollinger band!

RSI is not even close to oversold area! For healthy uptrend, RSI has to test oversold area on weekly time! After potential rejection from oversold area, we may finally start to think about end of the bear market and the beginning of big bull market!

Best regards!
Comment: Here we go
100% we will touch oversold area on weekly chart
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