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
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.
At least you are man enough to admit your mistakes and shows that technical analysis can only go that further and it's not a guarantee. So appreciate it, just keep posting us your technical analysis though, unlike others who jus predicted the price without any graph to show us.
Yes, the Elon Musk really change and invalid most of the technical analysis that we have seen so far. As I have said previously, he open the pandoras box and today we reach another all time high.