As you can see here there seems to be a bottoming fractal playing out. It's this kind of thing that is making me second-guess being too bearish right now. Too much confluence that screams "BULLISH" in the large timeframes. It's our job to study trends in the price action as traders and I don't think many people are giving the biggest, strongest trend of all enough credit. Bitcoin's 4-year moving average HAS NEVER POINTED DOWNWARD. The CHARTS tell us that Bitcoin is a rocket ship about to leave Earth's orbit.
The 1-year MA is about to cross the 2-year MA. Last time that happened Bitcoin went on an epic bull run.
This fractal is not CONFIRMED, but I am watching this very, very closely.
The 1-year MA is about to cross the 2-year MA. Last time that happened Bitcoin went on an epic bull run.
This fractal is not CONFIRMED, but I am watching this very, very closely.
ノート
Played out PERFECTLY!
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