this is just an example only of how the crypto market moves. you have bearish markets and bull markets. trading is always going to be bullish depending on how frequently you trade. knowing when to HOLD, SELL and BUY... this chart is not a forcast or prediction this chart is for example purposes only showing the last two bull markets. How close they follow. How much growth from the previous market to the next.
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LOOK AT THAT EXAMPLE CHART. Overbought and never hit bottom because of the new year rally. Timing is everything. PERFECT EXAMPLE Your very welcome and i am glad i posted this. No comments needed just hope i helped some traders out there.
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Bearish continuation is just delaying a bottom and this tells me bots are involved manipulating the market. Bots stop selling when people start buying over a specific volume and when the volume drops the bots continue selling. Automated manipulation. Very risky for any crypto asset at the moment. Bitcoin dropping with low volume and ETH is only stable because its being used as a utility for altcoin trades on decentralized exchanges but when that turns bearish ETH will drop quickly. Watching the market liquidity and volume very closely.
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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.