Big picture BTC / USD Bull or Bear ?
Hi ,
I try to display a big picture of what is going on with BTC / USD. Looking at this chart you can clearly see that the bounce that we got should have been no surprise ! Cluster support was present and reversal signals were there on the micro trend , hope everyone was able to make some cheese.
Looking at the big picture , I am still seeing a downtrend though. I expect some consolidation and then a nasty rejection that will put as at the mean of the channel again. Keep in mind , traders act upon what the chart is showing us. I dont have a magic ball , if the reversal signs tell me to go long , i will go long , but for now I am still bearish.
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I try to display a big picture of what is going on with BTC / USD. Looking at this chart you can clearly see that the bounce that we got should have been no surprise ! Cluster support was present and reversal signals were there on the micro trend , hope everyone was able to make some cheese.
Looking at the big picture , I am still seeing a downtrend though. I expect some consolidation and then a nasty rejection that will put as at the mean of the channel again. Keep in mind , traders act upon what the chart is showing us. I dont have a magic ball , if the reversal signs tell me to go long , i will go long , but for now I am still bearish.
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