-Yurlo
Please go ahead & give this post a like đź‘Ť
Why I'm bearish when everyone thinks "the bottom is in"
#1: When everyone thinks the bottom is in, it probably isn't.
#2: SPX just dropped below a MAJOR transition point (s/r) & I believe BTC will follow & break the $9800 support.
#3: I don't like to follow the crowd.
#4: Be a lion, not a sheep.
Phases:
#1: (downtrend initiation phase)
#2: (sideways phase)
#3: (fakeout phase)
#4: (downtrend continuation from fakeout phase)
#5: (distribution initiation phase)
#6: (panic phase)
#7: (lower high phase)
Best of luck to you all.