Bitcoin: Bear's are running out of gas
This is the evolution of dumps that bicoin has suffer along this year.
Analyzing the geometrical forms of price patterns and the degrees of speed price patterns are forming is very useful to understand the underlying relationship between bullish and bearish sentiment.
It is easy to see that the speed of the bear moves is lowering which means bears are running out of steem as time goes by.
I love these charts with insights I would not have noticed.
First thought I has was that the angles are flattening out. I wonder if this means volatility will reduce over time as blockchain technology becomes broadly used across industry and the amount of negative news no longer can be sustained because it's an undeniably useful technology...
Pretty cool chart, Smart Money loading up at these levels, before price eventually moves higher.
Yes it's inevitable that this will switch to the bulls. It's worked out like this for eons on technical trading. The balance between bulls and bears. Now back to bulls!