Still believing in bears
Only to remember:
At the beginning of the bear market, many thought we would bounce at $18000, $15000, $10000.
Later, many people think that we will never go below $7500 again.
When we were at $6000, many expected $4000-5000, but instead we've gone up.
After a $9000 breakout, many now say we would see $12000. What is next?
Listed signs:
-EMA cross
-RSI bottom and same course
-MACD crosses and same course
-Downtrend line breakout
= Bull trap?
Conclusion: I still believe that this is a bull trap.
At the beginning of the bear market, many thought we would bounce at $18000, $15000, $10000.
Later, many people think that we will never go below $7500 again.
When we were at $6000, many expected $4000-5000, but instead we've gone up.
After a $9000 breakout, many now say we would see $12000. What is next?
Listed signs:
-EMA cross
-RSI bottom and same course
-MACD crosses and same course
-Downtrend line breakout
= Bull trap?
Conclusion: I still believe that this is a bull trap.
Note
Why did not I compare the charts in the short term? if that happens, then we can predict the next time more accurately:Note
Volume getting lower, charts in different time frames are showing bearish signs.Is this the coming drop?
Note
Question to you:Note
Just postet it as an idea. I would be glad if you take a look on it:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.