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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 Seas
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