Two super rare things just happened...
We have 10 green daily candles in a row! Very rare!
And on top of that we have formed a daily popgun on the BTC chart (Bitfinex). This implies huge vola is about to happen. The direction of the break-out is not definied until we actually break-out, but this is a 60/40 bullish PG, meaning out of 100 samples, 60 have a bullish break-out.
Bears are really trapped in their shorts right now, so I am leaning bullish too.
This about to get interesting. We could be at 60k or 20k way faster than people think right now.
And on top of this, we did a bullish retest on the indicator support area... Like wtf ??? Mind blown.
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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...
Have a nice day :-)
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How are You? BTC did higher high of last months. Totally opposite of Your last article.
Share indicator name 🤠
My main bearish count is still valid until $48800. It could still be a B wave fakeout, but the chances have decreased significantly, bacuse of the reasons above.
I am still watching 7 different counts. 3 bearish, 4 immediately bullish.
Chances that the cycle low is 29200 are 70% now.
The market is always right. It is important to have a bias based on probabilities, but you need to be able to change the bias when the market gives you clear hints. You can never have a fixed opinion, because the market always takes the path of maximum pain (for the maximum amount of participants).
Bears are fucked right now.
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