TonyTheBullSeverino

Bitcoin Monthly Tenkan-sen Analysis

I've isolated the Tenkan-sen in the Ichimoku to show off how critical of a decision point we are at

However, as you can also see, it is too early for this

We will find out next month if we are in a bull market or still a bear market IMO

Another Perspective On This Bitcoin Bearish Retest (If It Is One)

Because I keep sensing we are looking at some sort of macro correction coming that brings down Bitcoin and the best example of that is COVID, I went back to some of my old COVD charts to see how I approached things back then.

Here I have included some comparisons of the bearish retest. I have also shown of a weekly RSI downtrend line

interesting lace for this downtrend line to be. It very well could be broken

I have to admit, the current price action cluster is looking rather bullish and impulsive. Again, hard to tell at this very moment.

the second chart is just using that same bear test of trend line to justify part of my COVID analysis

the last chart is the same as the first one, just a daily look to show you that its kind of mixed. an impulse def happened. but it isn't clear if we are going to get a few in a row, or outright fail

the daily RSI chart looks like we will sort of have more of a rolling top, meaning we will go