Today it was confirmed that the MACD had a bearish cross in the weekly chart, which we had a very long time ago.
When it happened in 2014, we dropped the next few days very quickly, which is common in a parabolic chart. That was exactly the case at Nasdaq, for example.
Therefore, I will continue to stay in dollars and run margin trading to gain wins in the ''crash''.
Also, one thing that makes me sure that we are already on top of a bull trap is the fact that we are still in a down trend and that everyone is bullish at the moment. As the rule says, sometimes you should do exactly the opposite of what others do.
This shows how naive and greedy we humans are, even though we had these scenarios often enough earlier.
I agree, the MACD weekly cross hasn't really been talked about but I saw it as a major bearish indication. Well, here we are - the selling has started again in earnest!
I think and hope that we will even go further, but let's see.
cryptoeduards
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All these idiots in the comments saying this and that can't happen but they don't realize that the charts don't lie. While I don't agree that the price could go as low as 4-5k I do think that it will probably go down to 8k. There I will reload aswell. Happy trading!
E557
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Luckily there are these people who think that everything is always great. Without them, we would not be able to make huge profits.
mmmp12
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This would be great, if people would be like year later - "What? So BTC can be bought for 2-3K$? And they said we will all have lambos" and "That's all is a scam".