Why Do People Ignore the Foot Steps of a Huge Bear?

8 Mar 2019

A DUMP just happened, as alerted in my last idea <<BITCOIN is Overbought, a big pullback may happen soon>> of yesterday. Not many people agreed with me.

I have another education idea <<Yellow, the Color that Predicts Dump of Bitcoin>>, which listed all the Tops indicated by <<9 Seasons Rainbow Indicator>> since November 2018 in 15m time frame.

Normally overbought is good time to take the profit;
however, it could evolve to crazybought, which indicates kind of Breakout or a final bull run.
While CrazyBought turns back to Overbought, it indicates Bull is exhausted again.

When there are overbought in multiple time frames between 1H and 4H, for BITCOIN, if it is not a super Bull market as 2017, normally means Bull is becoming exhausted.

A Good policy is to Short the new high, that is Amazing.

Tips: 9 Seasons Definition in <<9 Seasons Rainbow Indicator>>:
---------- 9 Seasons ----------
Bull(Green), evolves into BullRest, OverBought, Bear, or Neutral
Bull Rest(Light Green): a pullback or retracement, evolves into Bull or Bear
OverBought(Yellow): may have defined a top or resistance, can happen in range, evolves into CrazyBought or Bear
CrazyBought(Lime): going up in a high volatility , evolves into Bear, OverBought, or BullRest

Please check the links underneath for the <<9 Seasons Rainbow Indicator>>, <<BITCOIN is Overbought, a big pullback may happen soon>>, <<Yellow, the Color that Predicts Dump of Bitcoin>>.

################################################## DISCLAIM ################################################################
This is only a personal opinion and does NOT serve as investing NOR trading advice.
You should make their own decisions, carefully assess risks and be responsible for your investing and trading activities.