#bitcoin bulls need to break these dumb bear patterns Y/N

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Start of a new week and bitcoin bulls will be thinking of a well known cycle around this time of the month. Stoch is oversold, price is below opening months volatility etc.... could they pull it off. Arguably it didn't work in July as it went the other way. Would need to touch $7,533 to make any dent in "dumb bear patterns". Price hasn't crashed through $6,750 yet maybe that's a good sign. I'm sticking with my short for now.

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I can't beat a machine learner using the above signals but here is an interesting observation - see what happens when the market makes two consecutive lows ending in round numbers after the MACD has gone below zero, and price breaks lower. Try it with highs in reverse as well going back to 22nd Dec 2017.

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Given todays awaited news announcement it's not worth me continuing to be short for now. Will those "dumb bear patterns" be destroyed this week, would be great.

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If there is no big news announcement coming out today I would have kept my short. Oh well. Always time to get back in.

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Flipping annoying back to short.

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My latest chart post shows key bull patterns:

#bitcoin bears need to break these dumb bull patterns Y/N

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Anybody comparing the first 17 days of August with first 17 days of December 2017 in reverse, or, with the first 14 days of September 2017. Unless price can reach a significant fractal high... watch out the next leg.

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