Monis

do not fall in love with the upside

BITSTAMP:BTCUSD   Bitcoin
BTC Weekly : I have a couple of concerns that I would like to share. Looking at the weekly chart, I see the last 3 (weeks) candles have been corrective and not as impulsive as they have been on clear bull runs like the ones we experienced in November and December. Below you can see some examples of some impulsive candles (blue circle) and some corrective candles (pink candles). We need impulsive candles to call this a bull run and unfortunately, I do not see that yet. I am still missing the sell signs to call the outlook bearish but I have switched to neutral here, waiting for further developments. #notaninvestmentadvice #pleasedoyourownresearch #justmypersonalview www.tradingview.com/x/APghw7Ew/(edited)

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