BUT... wasn't Bitcoin going to crash?

10 авг. 2021 г.

Since May, the media was announcing the end of Bitcoin and cryptocurrencies, talking about a crash and a strong bearish market. But when we look at the graph we only see Bitcoin going upward and creating new highs, of course, corrections are in between these movements, but they are only corrections. The US Dollar is infinite and sustained artificially by the FED. When investors realize this, Bitcoin will be used to store value and will skyrocket. At this moment the cryptocurrency bounced from the attractor 9 times (blue areas for 2 different degrees of waves) and now it is outside this area looking to reach the upper key level at 56K, with a reduction of volatility showed in the ATR and Bollinger Bands. Our dashboard still shows a bearish overall trend, but losing strength and shifting persistence to the bullish side.
The custom indicator Divergency Cloud is calling a bullish entrance (green triangle) since last week. This indicator called big bullish market successfully in the past with 80% accuracy.