Hash Ribbon Indicator Fractal Not So Good for Bears
This isn't good for the bears. This indicator is playing out a fractal along with the price action that can't be ignored.
Look at my chart about the 1- and 2-year MA fractal playing out right now.
I'm sorry, but as an analyst I'm going to have to give a 9 year trend line more credence than a three month old one. Until it's broken, I'm BULLISH long term, even if it looks like it **might** break the trend, I have to give that less of a chance. Imagine something occurring every second of every day for 10 YEARS. It's probably just best to assume it's going to happen tomorrow until it doesn't.
I believe that the bottom is in.
Don't lock horns with the bull.
Look at my chart about the 1- and 2-year MA fractal playing out right now.
I'm sorry, but as an analyst I'm going to have to give a 9 year trend line more credence than a three month old one. Until it's broken, I'm BULLISH long term, even if it looks like it **might** break the trend, I have to give that less of a chance. Imagine something occurring every second of every day for 10 YEARS. It's probably just best to assume it's going to happen tomorrow until it doesn't.
I believe that the bottom is in.
Don't lock horns with the bull.
Nota
COVID caused a new bottom shortly after this chart was made. It's now almost a year later and we're past the halving and have gotten our cluster of Hash Ribbon BUY signals, the last of which just fired. It's GO time.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.