Destroying bears main argument
Mates,
The bear main argument towards a long term bear market is "It kinda looks similar".
As you can see on this chart "It kinda doesn't".
Nothing more to add about that, it's crystal clear that argument is BAD.
The only good arguments for bears I can find is that we are still in the downtrend channel, and we might have no seen a capitulation selling bar.
Some arguments for the bulls:
We broke out of the downtrend, and if we break again we'll have another argument.
Senate hearing positive about crypto, a wall street company backed by Goldman Sach acquired an exchange fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/
All that we need to know is this: Corrections are difficult to trade, and there's no definitive arguments for either side.
The bear main argument towards a long term bear market is "It kinda looks similar".
As you can see on this chart "It kinda doesn't".
Nothing more to add about that, it's crystal clear that argument is BAD.
The only good arguments for bears I can find is that we are still in the downtrend channel, and we might have no seen a capitulation selling bar.
Some arguments for the bulls:
We broke out of the downtrend, and if we break again we'll have another argument.
Senate hearing positive about crypto, a wall street company backed by Goldman Sach acquired an exchange fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/
All that we need to know is this: Corrections are difficult to trade, and there's no definitive arguments for either side.
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