@thescalpingpro some are doubting ignition from this point without potential correction to 54k reasoning with Bollinger Bands and "#Bitcoin has dropped below the +0.5σ MVRV pricing band at $67,890, which may trigger a correction toward the mean pricing band at $54,930" as @alicharts tweeted.
@alicharts@glassnode idk about history repeating itself, but BTC is suffering long enough sideways, it almost could stand up of its dip; fear increasing
@Morecryptoonl you know, after these engulfing bullish candles, if they turned into a fakeout (strong reversal downside) I won't believe in price action any more!
@Morecryptoonl I realized that EW at the end of the day is like any other indicator, sometimes it shows you the expected path right and most of the time you end up lost in endless probabilities. Golden rule is, never spend more than you can afford to lose!