how can you say that line cross was a coincidence? what are the odds?
I don't think it was a coincidence. Bulls have reason to point out the break of the down trend line. But are we looking at a $50 move? Or a $500 move? Bigger? The breakout alone is not so comforting looking at indicators. RSI is riding very high 4H. Hard to see a strong up move from here.
Could you be more specific? You want a new ATH in a week so that you could say for sure it was a strong move?
Seeing reversals before others is how you trade, not the other way around!
Yes, so is it a reversal or a retracement? I am implying it is a retracement.
What do you want me to be more specific about? As I said in another thread, a break of $530 for me indicates that this rally has legs.
?? the bear market was already a retracement! How many retracements of bear market do you see in the history of Bitcoin?
You make no sense. Sure, you could look for new higher high, but even if we pass 530, that wouldn t say that this is not a retracement. Just for you maybe. ANd as you are not george soros, i don t know why i will take this seriously.
I don't think you understand the terms.
Sure, the bear market was a retracement of a larger move. So? Do you know what a retracement is? It is a corrective move that "retraces" part (or sometimes all) of an impulsive move. You can have many, many retracements. And until we see an impulse that breaks outside of that range, that's what we are working with.
Yes, a break of $530 would not indicate an impulse. In fact, if it happens, I plan to exit in the $700s.
Don't take it seriously. You think I take *you* seriously?
