Hash Ribbon Indicator Fractal Not So Good for Bears

This isn't good for the bears. This indicator is playing out a fractal along with the price action that can't be ignored.

Look at my chart about the 1- and 2-year MA fractal playing out right now.

I'm sorry, but as an analyst I'm going to have to give a 9 year trend line more credence than a three month old one. Until it's broken, I'm BULLISH long term, even if it looks like it **might** break the trend, I have to give that less of a chance. Imagine something occurring every second of every day for 10 YEARS. It's probably just best to assume it's going to happen tomorrow until it doesn't.

I believe that the bottom is in.

Don't lock horns with the bull.

ความคิดเห็น:

COVID caused a new bottom shortly after this chart was made. It's now almost a year later and we're past the halving and have gotten our cluster of Hash Ribbon BUY signals, the last of which just fired. It's GO time.