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I don't get it.
Why is everyone so fast to write off:
- Break of 6 month downtrend
- Break above Gaussian Channel
- Break above 100D SMA
- Break back inside HTF Structure
After the most oversold RSI and MACD we have ever had?
Whenever Bitcoin has achieved the above breakouts after HTF oversold conditions, it has always marked a bottom.
But we get a small drop today and everyone is max shorting again?
Genuine question... why are all these signals being ignored and everyone still so bearish?