Despite the funny tittle the truth is here, I warned you weeks ago about the risk of heavy bearish signals slowly taking over the bull trend that built that speculative bubble trend. PRO Sinewave & PRO Momentum were reversing short for a while... I've been facing quite some resistance when I warned ppl in the crypto chat right here in tradingview ! But the fact is that now it feels more and more probable that I was actually right ! Its a bit too soon to tell but anyway the signals are very weak !
BUT i still recommand to be cautious not to be too bearish either. Why ? Because if you have a closer look at Sinewave, it's now showing an early bull signal.. What does that mean ? It means that now we need to keep prices downward cause if we see a bullish candle reversal, then sinewave will reverse to bullish ! That doesn't mean the market will reverse, cause Sinewave cannot be traded alone... it will require a Momentum confirmation.. BUT nonetheless this Sinewave reversal (if it happens) will have to be considered.
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil