Should Bitcoin's hodlers be concered ?
Updated
Hi everyone,
As we can clearly see from the chart's candlesticks it is easy to claim that the buyers are getting weaker but does it mean that the bull-run is over? 🐃
📍 the answer is absolutely "NO"! First, I would like to say that the candles with huge wicks at both ends have a meaning: WAR between bulls🐃 and bears🐻.
🧐 but what do they mean when they happen after a bull-run or a upward trend?
📍It may show us the time buyers and seller kill before a reverse trend; what does mean? Let me explain you easily by giving an example! ✍🏼 Bitcoin price from 30k - 59k was an interesting price for buyers (bulls) and retail traders; they made a noticeable profit there, but after 59k price may look just a little bit over-priced even for bulls. Thus, they will wait for the market to show more reasonable signs of a new bull-run or a bearish chart🐻.
📌 I personally do not think that the bull-run is over. just take a look at the ichimoku cloud and it's going to show you everything you need.
⚠️ you may ask yourself why I have set a zone at the 35-37k price level. Well, I would like to share you guys something which may help you at your trades. ✍🏼Whenever the price breaks the ichimoku's Tenk/Kijun lines in a bull-run or bearish trend, IT HAS TO REACH BACK TO THE TENK WHENEVER TENK AND KIJUN ARE IN A FLAT POSITION just test it in smaller times frames.
🧐So, should we panic now and set our sell orders? The answer is also "NO" WE SHOULD NOT.
📍 the monthly time from takes at least 6-8months to occur and I have set two time zones in my chart. Plus, tenk and Kijun would like to move up-wards or down-wards with the price so may the price zone will change by time.
📌In conclusion, do not panic guys based on all those fundamental infrastructure and trend-analysis the bulls 🐃 remain stronger than bears 🐻 till the end of this year. Just be more careful about your positions
As we can clearly see from the chart's candlesticks it is easy to claim that the buyers are getting weaker but does it mean that the bull-run is over? 🐃
📍 the answer is absolutely "NO"! First, I would like to say that the candles with huge wicks at both ends have a meaning: WAR between bulls🐃 and bears🐻.
🧐 but what do they mean when they happen after a bull-run or a upward trend?
📍It may show us the time buyers and seller kill before a reverse trend; what does mean? Let me explain you easily by giving an example! ✍🏼 Bitcoin price from 30k - 59k was an interesting price for buyers (bulls) and retail traders; they made a noticeable profit there, but after 59k price may look just a little bit over-priced even for bulls. Thus, they will wait for the market to show more reasonable signs of a new bull-run or a bearish chart🐻.
📌 I personally do not think that the bull-run is over. just take a look at the ichimoku cloud and it's going to show you everything you need.
⚠️ you may ask yourself why I have set a zone at the 35-37k price level. Well, I would like to share you guys something which may help you at your trades. ✍🏼Whenever the price breaks the ichimoku's Tenk/Kijun lines in a bull-run or bearish trend, IT HAS TO REACH BACK TO THE TENK WHENEVER TENK AND KIJUN ARE IN A FLAT POSITION just test it in smaller times frames.
🧐So, should we panic now and set our sell orders? The answer is also "NO" WE SHOULD NOT.
📍 the monthly time from takes at least 6-8months to occur and I have set two time zones in my chart. Plus, tenk and Kijun would like to move up-wards or down-wards with the price so may the price zone will change by time.
📌In conclusion, do not panic guys based on all those fundamental infrastructure and trend-analysis the bulls 🐃 remain stronger than bears 🐻 till the end of this year. Just be more careful about your positions
Trade closed: target reached
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