Is no one else here seeing the possibility of a correction or down turn here??
I said 3 days ago I was bearish. Based on basically 1 thing - the correction looked like real market tiredness and the ensuing recovery looked weak.
Then yesterday when we caught fire, starting to go up on higher volume. I said I was a bull again.
But here we are again, on Thursday, and the top is stalling out below ATHs. Look at the weekly and 3 day chart and they look suspicious. Just look at those charts. It 85% angles. And where are those red candles?
If we dont break ATHs in the next 24 hours I think the rally may have topped out.
I know, I know, that's crazy talk. But that's also one huge massive bear wedge on the 1 and 2 hour charts.
For how long, though? A week? A month?
How could you possibly know when it'd move again? Unless you're expecting a serious bear market, or that you will be able to accurately read the signals before things pick up again, it doesn't make sense to get out.
If we are about to experience our first period of extended stability near a high, that is very exciting for Bitcoin as a currency.
What you see as "market tiredness" I see as "increasing confidence".
