Check Bitcoin from November 2013 till January 2015. Same Patterns, but bigger time frame? Also Covered by my other Analysises... Other Opinion? No investment Advise.
In this weekly chart you can see BTC fight inside Bollinger Bands, in the lower band part between middleline and outside. If you change to monthly view, you see the downside Pressure from upper band to BB middleline. ADX trend is at at the weakest point since April 2018 which means the market is without any straight direction/trend. For a bullish reversal,...
i think no words needed Any other thoughts?
We got sharp rejected 3rd time. Can see similarities to last rejections. (lower high not even reached trendline) BTC shorts soon find a bottom, while BTC longs decreasing hard (dump) (see pictures in comments below) expect sharp correction and increasing shorts in near future (5-12 days),it seems a few weeks (or months, POV) too early to turn bullish.