Bitcoin’s current weekly candle and the way it formed back inside the week Bollinger Band looks pretty bullish
All momentum indicators are pointed fiercely down, but this could release some serious energy back up
It’s possible this is quite the bounce
Still overall bearish — but just like it annoys me bulls won’t look at bearish ideas, I have to make sure I consider bullish alternatives too
I have one Elliott Wave count that would allow for one more high in Bitcoin, but even with that count, I don’t really see the momentum or fuel for it to happen
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Can’t lie
Bitcoin’s current weekly candle and the way it formed back inside the week Bollinger Band looks pretty bullish
All momentum indicators are pointed fiercely down, but this could release some serious energy back up
It’s possible this is quite the bounce
Still overall bearish — but just like it annoys me bulls won’t look at bearish ideas, I have to make sure I consider bullish alternatives too
I have one Elliott Wave count that would allow for one more high in Bitcoin, but even with that count, I don’t really see the momentum or fuel for it to happen