Tutorial 3: Why Do People Ignore the Foot Steps of a Huge Bear

A DUMP just happened, as alerted in my last idea <<BITCOIN is Overbought, a big pullback may happen soon>> of yesterday. Not many people agreed with me.

I have another education idea <<Yellow, the Color that Predicts Dump of Bitcoin>>, which listed all the Tops indicated by <<9 Seasons Rainbow Indicator>> since November 2018 in 15m time frame.

Charting by tradingview

Source of Education Idea

Normally overbought is good time to take the profit;
however, it could evolve to crazybought, which indicates kind of Breakout or a final bull run.
While CrazyBought turns back to Overbought, it indicates Bull is exhausted again.

When there are overbought in multiple time frames between 1H and 4H, for BITCOIN , if it is not a super Bull market as 2017, normally means Bull is becoming exhausted.

A Good policy is to Short the new high, that is Amazing.

Tips: 9 Seasons Definition in <<9 Seasons Rainbow Indicator>>:
---------- 9 Seasons ----------
Bull(Green), evolves into BullRest, OverBought, Bear, or Neutral
Bull Rest(Light Green): a pullback or retracement, evolves into Bull or Bear
OverBought(Yellow): may have defined a top or resistance, can happen in range, evolves into CrazyBought or Bear
CrazyBought(Lime): going up in a high volatility , evolves into Bear, OverBought, or BullRest

Please check the links underneath for the <<9 Seasons Rainbow Indicator>>, <<BITCOIN is Overbought, a big pullback may happen soon>>, <<Yellow, the Color that Predicts Dump of Bitcoin>>.

##################### DISCLAIM ###################

This is only a personal opinion and does NOT serve as investing NOR trading advice.

Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.