The Inverted Chart and the Delusion of "Bottom" Callers

A quick look at the long term inverted chart really provides some context to where we are overall. Bitcoin has just broken out of a long term descending wedge on the invereted chart, the macd has yet to break the zero line into positive territory but is heading that way with momentum and we are above the 50 month EMA for the first time in bitcoins history...bitcoin is extremley bearish and really is just getting started. It is my belief we are getting ready to witness the first "real" bear market in bitcoins history.

From an inverted perspective we have literally just broken out...those calling for the "top" to be in already are in denial. We are just getting started.

Yorum:

as some have pointed out this may be a little unorthodox but hey...it just gives us a broader view...does this chart alone prove anything? no...but I think when coupled with some other analysis we can begin to put together a picture. Heck the MACD alone, which is of course only a tool and by no means authoritative, shows us that there is TONS of room to run. I don't expect this to be used as an end all be all but I do think it can help us paint a picture.

Red Boar