Hello investors and traders.
As the chart progress and pattern was broken,
I am forced to bring you a new idea.
It seems like bull and bear price action is edged and
also real trend lagging. This is common in bear markets.
In basic, upside retrace play out and it would take a more time.
Notice that weekly Death cross never happen in BTC history.
Because Bitcoins were made after 2009 crisis, in beginning of SP500 bull market.
I am not expecting exact bar tracking,
but It should follow to be valid.
I personally expect change toward March.
Always with care and ready,
Emvo.
*This is not any financial advice.
As the chart progress and pattern was broken,
I am forced to bring you a new idea.
It seems like bull and bear price action is edged and
also real trend lagging. This is common in bear markets.
In basic, upside retrace play out and it would take a more time.
Notice that weekly Death cross never happen in BTC history.
Because Bitcoins were made after 2009 crisis, in beginning of SP500 bull market.
I am not expecting exact bar tracking,
but It should follow to be valid.
I personally expect change toward March.
Always with care and ready,
Emvo.
*This is not any financial advice.
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There are gaps above and below now :
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Gap above filled:
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Constantly rejecting around orange ring and averages:
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Rising wedge ranging:
