Things may not be as bearish as they seem...

18 апр. 2021 г.

Again -- it's just a matter of perspective and what shapes and patterns you are choosing to draw. Price action is always random and it's only our choice to draw patterns on it that make it seem like it's not random. Here we can see a perfect and massive ascending triangle on the weekly, accompanied by a perfect reset of the stochastic RSI during all of the bullish price action since early January. There's no way to interpret that except as bullish. Yup - there are also plenty of bearish ways to interpret this 10K dump we just had, too. Again -- just a matter of how you choose/want to see it.