Crypto_Curry

Crypto_Curry

This is starting to get ridiculous. BTC still stuck in the cloud and everyone and their uncle has decided "this" has to be the next bull season.

Crypto_Curry

I don't believe we're in a parabolic rise scenario. The fractals from 2014 do not support that theory. This will probably die as soon as it came into being.

Crypto_Curry

Ladies and Gents, this is what the new bearish channel appears to be.

Crypto_Curry

Perhaps we're not so parabolic after all. Let's see how this candle ends.

Crypto_Curry

Failure to make the bullish channel which began in 2014 indicates that bear market is not yet over...

Crypto_Curry

Not much to say here... Bears failed to make it into the bull channel on the log chart reaching back to 2014. The ascending wedge and 350 day moving average rejection tell the rest of the story. . .

Crypto_Curry

In my last analysis, I showed how the market wasn't showing signs of readiness for a new bull run, but as the shorts indicate, the bulls are now going to eat it big time.

Crypto_Curry

As evidenced by this massive wick, the bulls have gotten ahead of themselves and are receiving a sound spanking for their efforts. . .

Crypto_Curry

We see another rising wedge forming here, right at the point where the "forever trendline" ends. Get your wetsuits and snorkels and brace for the drop...

Crypto_Curry

I see a short-term bounce at these levels, despite negative analysis from most at this point. Also, leveraged shorts are creeping up, making this a good contrarian signal.