No crash is required nor needed. No crash is desired. Bitcoin continues on track to hit higher prices based on TA. Technical analysis is the only possible way to predict the future of the financial markets. Bitcoin continues trading within a rising channel.
After the 6-Feb. recovery Bitcoin developed a bearish bias. It all ended 24-Feb. with a $62,510 low. After this low, a bullish bias developed, higher highs and higher lows.
I think it is unwise to say that Bitcoin is moving lower with this chart structure, don’t you think?
Let me ask you a question, what do you think?
Should we focus on guessing or technical analysis? Chart speak.
Here we are speaking through charts. Here, we are translating the charts. If that’s the case, what does the chart say?
What is the chart saying? This chart that I am showing to you today, BTCUSDT on the 4H timeframe.
Do you see a bearish pattern, bearish signals and bearish momentum building up? Let’s be honest. Or, do you see a rising channel like all the intelligent people that gather in this forum?
What do you see?
I am not asking what you belief or what you think will happen, no. I am asking, what do you see on this chart? 4H TF BTCUSDT. Just tell me and be honest with me.
I see a rising channel. Can you see it?
Higher highs and higher lows.
If you can’t, don’t worry, I am here to translate the charts.
The chart is saying: Bitcoin is going up.
Namaste.