Hi,
Part A
As you know, I posted about a bearish scenario several days ago. after that bearish signal, (Unfortunately) a whale Bought $1.6B in Bitcoin Wednesday (google it). As a result, The market balance fell apart. Bulls hold their head up high :(
On the other hand, the whale pumped a saturated market :)
Part B
A Possible scenario is shown in the chart. A breakdown below an ascending channel can indicate bears have taken over bulls. Now you should look for other signs that show weakness in the pattern.
MFI:
DMI:
Part A
As you know, I posted about a bearish scenario several days ago. after that bearish signal, (Unfortunately) a whale Bought $1.6B in Bitcoin Wednesday (google it). As a result, The market balance fell apart. Bulls hold their head up high :(
On the other hand, the whale pumped a saturated market :)
Part B
A Possible scenario is shown in the chart. A breakdown below an ascending channel can indicate bears have taken over bulls. Now you should look for other signs that show weakness in the pattern.
MFI:
DMI:
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you can never underestimate the gullibility of people
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MFI, RSI, OBV, Meet those bearish friends of mine.
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