Thread by @TheChartArtist

When to be bullish again #NOHOPIUM
#Bitcoin is still trending down...
My bull-market continuation invalidation level is still sitting at $29890 for a $btc

Bearish Game plan: Take note, think its cheap now...
We should not use the adoption curve as hope... Things like war, natural disasters (you can list them) can take away the need to bank the unbaked very quickly... It means that our adoption might get put on hold for a bit...

Bitcoin by monthly standards has never seen a bear market... Don't rule this out.(honestly I can't see whats the alternative monetary system, but I'm only pointing out that its a probability just like a bull market continuation)

TA is a risk management tool. At this moment the downward risk is low for me. Simply put we are so close to an invalidation level its worth giving it a buy. BUT wait for mid time-frames to show us there's a bottom forming. STAY AWAY FROM HOURLY ANALYSIS its hopium until...

daily and even weekly shows us we can enter!
This does look like a #Wyckoff accumulation forming.
Key take away.(bitcoin is the best bet, @saylor gave us enough reasons)
Who's selling? Volume is depleting.
Easy to sell bearish narratives.
JUST DO THE OPPOSITE WITHIN REASON

I'm just looking at my lateral range. Waiting for a TA reason to buy a range. Remember first come the reason(conditions met) then the buy zone... If the buy-zone is below my invalidation price, I will ladder out in the next bullish spike... NOTHING LASTS FOREVER...