13th March BTC Are we at the start of the capitulation phase?

That big red bar on the 1H changed a lot of technicals perspective. Bulls would have become Bears for the short term. I like using the Alligator when a trend is in place but that one red bar broke all the lines and that is a very bearish signal to me. This downmove might be just the final down move or the capitulation phase if you look at it from a bubble perspective. The panic phase where most people declares BTC dead or a scam. Wait for people to post such stuffs and find a place to buy, you will be buying at the bottom.

However if price somehow manages to rally above the Alligator then we will be bullish again. But becoming unlikely.

코멘트:

The market likes to toy with TA people, but as TA traders, you need a plan for both bull and bear moves. And with this upmove that broke the alligator lines, we have once again become bullish. Which means yesterday's fall was a bear trap. TA traders do not marry their positions, we enter and get out when technicals change and especially so in such a volatile market.

Up up here we go!

코멘트:

Turned down once again =(