The past three months have been green.
There are no consecutive 3-month periods that close in the green during the entire bear market after that bitcoin It peaked in April 2021.
The traditional end of the bull market occurred in April 2021 and the rebound that occurred between May 2021 and November 2021 is what people commonly call the “dead cat bounce”.
The reason that the peak in November 2021 is higher than it was in April is because of the monetary expansion cycle that we just went through.
The difference from peak to peak is only a few thousand dollars or percentage points, and this is an important fact to consider for you Technical Analysis .
Also note that bitcoin It has been growing for several years while trading above EMA50.
BTCUSD per month |
Another, less common signal has to do with the psychology of market participants.
Note that there is no need for derogatory comments or insults about bears in this article or in any of the bull articles, while bears feel attacked and have to make derogatory comments about all of us every time, due to their current stance against the market.
If we are in a bear market, like when we exited the November 2021 high, the bulls will be feeling the heat while the bears will be completely relaxed.
Another nice little detail to think about.
Enjoy your Sunday.
No matter what happens tomorrow with the banks.
No matter what happens with all the turmoil we’re going through in the world and the financial markets, know that life goes on and all struggles and challenges should be, and we can use it as an opportunity to grow.
bitcoin Technical rising This is a positive for us.
Maybe this technology can help us through that process, we’ve been there before.
Perhaps this is a positive thing and therefore a reason to celebrate rather than a reason to fight and be offended.
If we take into account the fact that the month is still ‘early’, and that it has a long way to go before it closes, i.e. moonlight, we can notice that it has already gone down and we are now back in the green.
The month can end in green or red but the bulls have the upper hand.
be quiet.
The best is yet to come.
Namaste.