Bitcoin may be ready to buck the bears here, the price action lately has been nothing short of insanity. Feels like everything is a trap, or fabricated in some way, but in all actuality i think ( hope ) it was institutional loading - and that its finally over.. for now.
Bitcoin has been running thru resistance, flipping the major MA's , MACD is showing bullish divergence on larger TF's and we are really putting pressure on the upper trendline.
Were forming alot of bullish reversal patterns along the way, including:
1. Inverse H&S - 4HR timeframe
2. A nice little E- Wave pattern
3. A ( technically bearish ) gartley pattern - but will still help us buck the bear trend. ( see below )
I.M.O the bear market may finally be coming to an end - if we fail to break the trend line this time, and negate all of this bullish momentum and formations, then I will have lost faith lol!
Bitcoin has been running thru resistance, flipping the major MA's , MACD is showing bullish divergence on larger TF's and we are really putting pressure on the upper trendline.
Were forming alot of bullish reversal patterns along the way, including:
1. Inverse H&S - 4HR timeframe
2. A nice little E- Wave pattern
3. A ( technically bearish ) gartley pattern - but will still help us buck the bear trend. ( see below )
I.M.O the bear market may finally be coming to an end - if we fail to break the trend line this time, and negate all of this bullish momentum and formations, then I will have lost faith lol!