BITCOIN WITHOUT A BEAR SEASON
BITMEX:XBTUSD Bitcoin / US Dollar Perpetual Inverse Swap Contract
If you think this is a big conspiracy theory, you're wrong.
Use your stupid knowledge now.
Note that this is a monthly chart and I'm looking at its movements in bitcoin history!
Rule 1. As long as the trend is not broken, the price moves in one direction!
- I don't care how you set the trend PA tells me the trend never changes. (Note that the downtrend on the hourly chart may remain as a small wick on the )
Rule 2. The longer the candle wick, the stronger the buyer/seller.
-Now tell me if the candle wicks decrease with each step in the chart.
Finally, if there is a zone with multiple wicks, remember that there may be a rapid reversal afterwards.
I know the possibility of this stupid scenario may seem utopian to you, but it won't be an upward trend forever. It didn't get to this point in one day, and it won't reverse in one day.
Once upon a time.