BitcoinShort
Bearish AD Line Breakout - The End for The Rally?
Updated
Breaking above the red line means some big guy has loaded off their BTC into the market, already! In profit or loss...? That's none of my business! Just like predicting the drop to 16k and a rally afterward, now I have enough clue for detecting the end of the rally. Am I wrong, please correct me in the comments.
These days I need to review some basic facts with myself.
Almost nothing for crypto is bullish in the medium term (except some lagging momentum indicators). Better say, the small picture is bullish, the medium one bearish and the bigger one is (still) bullish. So please decide based on your own POV.
Best of luck,
Happy trading.
These days I need to review some basic facts with myself.
- Indicators don't drive the price, vice versa is correct!
- The world of finance is not in a good mood...
- BTC is a risk asset.
- Some big guy loaded off their equity.
Almost nothing for crypto is bullish in the medium term (except some lagging momentum indicators). Better say, the small picture is bullish, the medium one bearish and the bigger one is (still) bullish. So please decide based on your own POV.
Best of luck,
Happy trading.
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