Bitcoin KDJ Monthly cross marks end of bear, but wait!
Updated
The KDJ monthly indicator shows a clear cross marking the end of the bear market, but don't go racing in just yet. A lot of people bullish and calling for doubling down here. Dont be a sucker, this is a market maker's market, not a retail traders market. We may see a little more upside but if we do, it will likely be short-lived. The early stages of the last bull market demonstrate clearly that even after the monthly KDJ cross we still have a pullback down to the market maker accumulation zone one more time before we really start the next market cycle. Take your time, the market will come to you.
Uncertainty stops here!
Judd Armstrong
CryptoniteTV.com
Uncertainty stops here!
Judd Armstrong
CryptoniteTV.com
Note
The problem with our default mindset is we expect ourselves to be right all the time, and we LOVE to predict, why? Because it makes us feel amazing when it turns our right! Right? So we bind our ego to our opinion. In trading we can afford none of these things. Its not about being right or wrong, we should never listen to anyone's long-term predictions. Trade what you see in front of you. Have an exit strategy before you trade. Know you will lose some and win some, and the game is about having a stranglehold on losing trades and letting winning trades run with targets in place. So back to the chart... here is our updated (cautiously bullish) analysis.
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