This chart is saying a massive F*ck you to the herd who joined late for the easy money end of 2017, who panic sold thinking it would tank to zero or close to it.
This market is punishing this herd who probably panic sold between 6k and 3k.
These punishing reversals type of moves are happening in almost every market cycles.
They are the perfect symmetrical...
The current candle sequence since February 6th is the longest in this bear market. Since the All Time Highs Bitcoin's strongest bullish sequence (Higher Lows) was 40 days in April/ May. The current sequence is 45 days and counting.
This is also evident on key technical indicators:
RSI: Current bullish streak above 40.000 = 45 days (longest since ATH).
This pattern shows that BTCUSD is trading on its new long term support zone. Using the Ichimoku Cloud as a prime leading indicator, we can identify key trend signals and many similarities between Bitcoin's last two bear cycles (2014/15 and 2018/19).
First of all the cloud's squeeze (October - December 2014 and September - November 2018) was a Sell Signal to the...
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!