Anything Can Happen Now... But Why?

2022年5月20日

What happened to the "relief rally"?

We are in uncharted territory, do not wait for the classic "relief rally" or bounce because we are already in a new pattern.

It is the first time that Bitcoin goes on a 7 week strike.
We are on the 8th week and things continue red.

The usual signals we look at are all bearish.

We do have a bearish cross on the EMAs which normally leads to a bounce followed by lower prices... But again, we haven't seen any type of bounce.

This is telling us that very likely we will see prices go straight down.

Namaste.