BitcoinShort
IT'S NOT OVER YET | THE FASTER WE RISE, THE HARDER WE FALL
I am not confident this is the end.
In the history of Bitcoin's existence, the faster we rose, the harder we fell. Vast acceleration always resulted in a large correction. We rose up too fast... yet again. Thus, I believe a large correction is due... yet again. Now I understand this pattern breaks eventually and we progress into a bull market, a long, multi-month, sideways bottoming pattern forms. I have yet to see anything of the likes. So why is this scenario any different?
Historical Rapid Acceleration[/I]
It seems like nothing has changed... yet again.
VERDICT: Until we actually form a bottoming pattern that is sustainable and reasonable, I can't be confident that price is ready to start the next journey to new highs.
In the history of Bitcoin's existence, the faster we rose, the harder we fell. Vast acceleration always resulted in a large correction. We rose up too fast... yet again. Thus, I believe a large correction is due... yet again. Now I understand this pattern breaks eventually and we progress into a bull market, a long, multi-month, sideways bottoming pattern forms. I have yet to see anything of the likes. So why is this scenario any different?
Historical Rapid Acceleration[/I]
It seems like nothing has changed... yet again.
VERDICT: Until we actually form a bottoming pattern that is sustainable and reasonable, I can't be confident that price is ready to start the next journey to new highs.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.