Clear overbought conditions on weekly chart... (Activates tonight)
Will the likes of Suppoman and Haejin Lee fall flat on their analysis?
Self Explanatory
Inability to crack the 8000 mark convincingly could be a sign of bearish exhaustion. Lambo bunnies, Moon monkeys and get-rich-quick dolts will likely jump ship...
Pretty self-explanatory.
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.
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.
Ladies and Gents, this is what the new bearish channel appears to be.
Perhaps we're not so parabolic after all. Let's see how this candle ends.
Failure to make the bullish channel which began in 2014 indicates that bear market is not yet over...
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. . .
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.
As evidenced by this massive wick, the bulls have gotten ahead of themselves and are receiving a sound spanking for their efforts. . .
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...
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.