By this brief unpretentious technical analysis, neither bullish nor bearish, I would like to simply answer the argument of the day, emitted by several Fomo-boys on social networks! =)
For them, having crossed the trend line, even briefly, is proof that Bitcoin is now bullish again and that this bearish trend line no longer exists. o_O
Do not give in to this song of sirens too easily, because I have heard it many times in 2018. And we have seen the result: the bearish trend line of 2018, as I have traced it in red, it has been a long time crossed ... This did not prevent the price from falling much lower, as always attracted / hooked by this terrible trend line! :(
I'm not saying here that you have to be bearish like in 2018 (see my previous associated idea for my detailed opinion on the future of Bitcoin in 2020).
I'm just saying that those who argue this breakout argument of the bearish trendline, should zoom out and put the Bitcoin chart in perspective, or just remember the past if they were, before preaching the good word! ;)
DISCLAIMER: This is not an investment advice.
Invest only what you can afford to lose.
For them, having crossed the trend line, even briefly, is proof that Bitcoin is now bullish again and that this bearish trend line no longer exists. o_O
Do not give in to this song of sirens too easily, because I have heard it many times in 2018. And we have seen the result: the bearish trend line of 2018, as I have traced it in red, it has been a long time crossed ... This did not prevent the price from falling much lower, as always attracted / hooked by this terrible trend line! :(
I'm not saying here that you have to be bearish like in 2018 (see my previous associated idea for my detailed opinion on the future of Bitcoin in 2020).
I'm just saying that those who argue this breakout argument of the bearish trendline, should zoom out and put the Bitcoin chart in perspective, or just remember the past if they were, before preaching the good word! ;)
DISCLAIMER: This is not an investment advice.
Invest only what you can afford to lose.
