Quote from: _Django05_ on June 03, 2019, 03:17:43 AM

According to a recent Twitter post from Josh Olszewicz, an analyst at Brave New Coin, Bitcoins one-day chart is starting to show signs that bears are starting to creep into the cryptocurrency scene. He explains that Bitcoin is currently trading in a rising wedge pattern, which if not broken past, often acts as a catalyst for a bearish trend reversal.

Whats more, there have been bearish divergences between Bitcoins price, and the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). In other words, as BTC has moved higher over the past two weeks, these indicators have trended lower. This is important, as bullish divergences seemingly preceded a number of crypto market rallies throughout recent trading sessions.

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Your thoughts guys?

Josh is just another whale that missed out of the train and trying to create an FUD to cause dump so he can panic investor to buy at dipper price, but I think I like this, watch the price of BTC after this, you will see that BTC will react positively to it because I have notice that bitcoin react opposite FUD news, and I think he has lost already.

I called him whale for using the word bear because he should have known that correction always happen, and the fact they dont get a strong bull signal for a while doesnt mean there is none preparing for the push, everyone studies the market situation before investing, and right now, we are already in the uptrend and I dont see anything pulling bitcoin back to the bear market other than the little correction.