As my old football coach used to say " aye, It's science". As you can see from the indicator that every time the chart throws a bear signal a bullish signal follows within a week. Based on the previous steady growth line and bear signal before the rise we have retraced to the lowest zone. Could that have just been wave one? I believe so, I made a chart using triangles on a log scale and see similar indicators. There were also an epic proportion of shorts on bitcoin and whale like to eat those little baby fish alive, which would be a reason for another bull run for wave 3. Is this a bad time for leverage positions? Who knows, but I am certainly not entering one.
This is not investment advice.
This is not investment advice.