We currently have so much fear in the market, so much fear that i’m starting to be bullish!

First of all it seems that we are in a multi year rising wedge formation, if this formation breaks we can drop hard but IMO we will first see one more move to resistance of this wedge .

We are currently testing the wicks of the rising trend line and take a look at where the RSI is at, almost at the point where we saw major reversals in the past, with rallies from 800 till 7000%!

Beside this take a look how long the downtrend took place before a major reversal, about 426 days! 2 times it happened and now at the same amount of days that past we are at a major support.

Don’t lose money on the whales, they buy what you sell before a major reversal