MORE RISKY TO BE OUT OF BITCOIN THAN TO BE IN BITCOIN

Bitcoin has gone on a major really, leaving many people wondering whether Bitcoin will drop in price again and allow them to buy at cheaper Bitcoin before the bull run start. We have got a bearish divergence on the Bitcoin daily chart if we use the RSI dictator. This will definitely break very soon, we have the bearish divergence that forms over a couple of weeks, not over months. If you look at the recent top that we had back in 2021 on the RSI indicator. We had a double top at the same time we had that divergence and that divergence was split over about 8 months.

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That is why we has an incredible bearish divergence happen right at the double top which plummeted prices. We had this incredible divergence which happened to be right out of the bottom and that's forming what we see today. Short term, we have this bearish divergence forming but it is short term, it is six months, it is eight months, it is a couple of weeks. If you look at the monthly candles, you will see that the candle that just closed is green. The reason is significant is because we were just on thin ice. We were holding $19,500 as support for month after month and the November candle was our breakdown candle.

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The December candle closed below our thin eyes right blow and then the January bullish engulfing candle. This is not just a bullish engulfing candle, we have not had the size of that candle since October 2021. This is a major development and we have that candle to hold support in February at $19,500. If we do that, that is a very major sign for the future. It is not probable that we break our bottom and crash even. If you are wait for Bitcoin to have some sort of down fall so that you can add bags, i will say it is more risky to be out of Bitcoin than to be in Bitcoin.