CryptoPsyche1

CryptoPsyche1 Updated 

The upper trendline for the complete breakout couldn't reach to a state of a complete bull reversal. Now noobs are panicking, not understanding what's going on, saying things like "Why prices are falling", "Why not moon"? In the meantime, those who are not blinded by market conditions and have their warchest (of TA), are not quite surprised. However, none of us...

CryptoPsyche1 Updated 

In my previous post, I talked about (1) current weekly vs shorter term Bitcoin charts, (2) market fundamentals that needs resolution before we enter a bull market, (3) weekly MACD and trendline, and G20. While I wrote my article when buy volume during the first phase of breakout didn't exist as much, the buy volume has been increasing drastically, and the...

CryptoPsyche1 Updated 

Today is an interesting day, most people who are looking at hourly and daily charts (or shorter term charts) are thinking that Bitcoin is on a breakout. Short term charts are signaling a breakout. But do not be fooled, market makers know how to play with people's psychology. If we look at weekly and monthly charts, the bull case is still not there. In fact these...