🅱️ Bitcoin | It Looks Bad

22 sept. 2023

The beautiful and the ugly, good and bad but always the truth.

I have to admit it, it looks bad... The weekly candle, the weekly period, this weekly session... As it is now, it doesn't look good.

The technicals continue to be bullish, bullish as in "bullish potential", which is the only definition that really matters to us.

Bitcoin's potential... Can always change.

We need a green close, a strong close at that but so far we have a shooting star.

➖ The Week Is Not Over

Bitcoin can shine on the weekends and this can make a sour apple taste sweet, but forget about apples, we are looking bad if Bitcoin decides to go red rather than green.

➖ The Altcoins Continue To Grow

The bigger picture is up and this is easy to tell, our beloved Altcoins continue to break to the upside, one after the next.

➖ Bitcoin Halving Dump

The next Bitcoin halving is scheduled for April 2024.
There is enough time for a bullish wave before a major dump.
Or there can be a dump followed by sustained long-term growth.

➖ Market Sentiment

What is the expectation right now?
Is there a way to gauge if the majority of the players are bearish or bullish, truly?

The majority can be right but mostly they are wrong.

The market has its trick, you feel comfortable doing the wrong thing. It feels nice to buy when there is excitement and this excitement is followed by a flash crash, I've seen it many times before.

Do you feel excited right now?
Do you feel euphoria?

I see the feeling is neutral towards negative... But the chart is the same.

We continue 100% bullish on all terms but the chart isn't looking great.

Namaste.