For the record: I don't think it's a bull trap, I think it's this: https://steemit.com/cryptocurrency/@bitbrain/bursting-at-the-seams and I think we have seen the bottom too https://steemit.com/cryptocurrency/@bitbrain/the-insanity-of-bearish-expectations, though you never know what may scare these crazy bears next!
RE: Technical Analysis on Bitcoin: Are the Bulls Back?
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Technical Analysis on Bitcoin: Are the Bulls Back?
Haha...noted. My future videos will be much shorter.
There’s no question the market can’t continue this way much longer. I’ve been saying that for weeks. I just question as to whether or not we’ve seen the bottom, or if 1 more lower low is coming. If you’ve followed my posts, my primary count has the completion of a fifth wave around $5K before we see a true bull run. If we continue up from here without closure (a true bottoming out) I fear it'll just end up as another guppy rally where it climbs to $8-9K, then crashes to the complete the larger bear trend. I could be wrong of course...and hope I am. Time will tell.
Nice article by the way. I think you're right about the mind set many have.
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I prefer the long format as it helps me learn and understand you’re thought process....but that’s just me.
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