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RE: I can't tell, is this chart bullish or bearish?

in GEMS5 years ago

Take a look at this historical chart:

image.png

(Source: https://www.tradingview.com/x/O4oTRbJD/)

This is how it continued:

image.png

(Source: https://www.tradingview.com/x/yyEmxlYj/)

These charts are BTCUSD at Bitstamp about four years ago. It has happened in a similar way before, a couple of times actually.

Of course, that doesn't mean it's always going to happen that way… just some thoughts.