Post
Topic
Board Speculation
Re: Most dangerous Bitcoin monthly closing candle
by
JohnBitCo
on 14/02/2021, 08:37:42 UTC


Bitcoin will have the most important monthly candle closing tomorrow. See the big wick in 2017 last green candle and it was end of bull season. In 2019 also, we had a big wick and then a long bear market. This month's candle also have a big wick  Shocked  But bitcoin still have one day and maybe if could pump again to 37-38k, our bull season will remain intact, else is this the signal of end of bull market ?

I frankly admit that i was wrong in this analysis that the big wick was the market cycle top. Bitcoin has now made another all time high above 49,000$. Perhaps, fundamental events like Elon Musk buying bitcoin news made the technical analysis invalid. No one know what is the market cycle top for this bitcoin cycle now.