Hello,
The bullish sentiment is quite strong and a lot of people seem to be happy that we are finally out of the woods, so to speak, with cryptos. However, I am seeing some future bearishness coming now.
How far this bear will go is hard to say. In this video I show 3 time frames all apparently pointing to the same idea. I would love for cryptos to go up for ever, but we all know this is just not reality.
Please comment below on whether you think I am right or not.
The bullish sentiment is quite strong and a lot of people seem to be happy that we are finally out of the woods, so to speak, with cryptos. However, I am seeing some future bearishness coming now.
How far this bear will go is hard to say. In this video I show 3 time frames all apparently pointing to the same idea. I would love for cryptos to go up for ever, but we all know this is just not reality.
Please comment below on whether you think I am right or not.
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I think some of you may think I am crazy to make this prediction, because the market feels so strong. It is true. The problem with my signals is that they are generally unbelievable. Certainly it is possible that this market will continue going. It sure feels that way. And it is also true that if my signals has an achilleas heel, it is that it finds sell points as the market moves up and up and up. This is why I also rely on higher time frames. When a signal appears on a lower time frame, it is always best validate it on a higher time frame. In this case, the higher time frame (6 days) is showing that the top isn't quite in yet. We'll see what happens. I am not trading this one, as I am only a crypto buyer at this time.
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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.