November 12 Market Analysis
Keep a close eye on the four-hour lifeline (very critical)
Bitcoin continues to reach new highs, seemingly with unlimited upside potential ahead, but investing is a practice of discipline; one must remain clear-headed amidst the noise. It is impossible to have a market that only goes up without any declines. A drop does not indicate a change in trend, but if the four-hour cycle begins to turn bearish, it should raise concerns.
For Bitcoin, which has no price references ahead, it is more appropriate to judge the trend through candlestick structures rather than predicting prices.
If the price is above the four-hour lifeline, the bulls still hold the advantage, and shorts are not considered.
If the price is below the four-hour lifeline, the bears hold the advantage, and longs are not considered.
