Why I didn’t exit Bitcoin even if the price seems about to break new lows into a confirmed bear market. It is because I still had several reasons why the bottom is near.
1) BTC is extremely oversold. 2) Major bullish divergence still seen in the monthly chart.
And this monthly bullish divergence invalidated? It seem strange pic.twitter.com/DsUmZ9BJlT— Bitcoin Master (@drei4u) July 20, 2021
3) Bitcoin always bounces off the 50-week Moving Average. 4) Bullish divergence in the weekly 5) and the 3-day chart. 6) Weekly cloud support 7) Puell Multiple flashing buy.
The bull div in the weekly & the 3day chart would probably be invalidated & price will crash through weekly cloud support at $27,478. While Puell Multiple fails for the first time. 1st 3 Puell bottoms correspond to market bottoms, but the last two exhibits a different outcome. pic.twitter.com/v8ssZuMkls— Bitcoin Master (@drei4u) July 20, 2021
8) Already 66 days of extreme fear 9) Sam Trabucco already bullish
I'm gonna add this tweet by Bitmex's former number one trader/trading group. They are buying, not selling at all, so apparently bullish. https://t.co/LaA2jmpGSO— Bitcoin Master (@drei4u) July 21, 2021
sir I regret to inform you that my tweet wasn't intended to be bullish— Altcoin Psycho (@AltcoinPsycho) July 21, 2021