Everybody and their dog barking about how bullish the new highest monthly close would be. Ignoring the fact, that it would draw bearish divergence on the monthly TF. That’s actionable data to me.
#BTCUSD drew a bearish divergence on M and W. Sometimes these take time to complete. Let’s just pray the EW count is wrong and 2013 fractal is to repeat, as @CryptoLyonnais has been tweeting for a while now, otherwise this could turn into a complete shitshow.
#Bitcoin #BTC
#Bitcoin #BTC
I wrote pray for a reason. Macroeconomic situation is different now as it was in 2013, full recovery after the 2008 crash. Volume is way different as it was in 2013. There were no institutions in it in 2013. Considering that, this volume is even worse. #BTC
This particular xyz EW count has been invalidated.
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