🔥 I often hear the story. We have a bear flag, it's breaking down! Debunking the myth!

Here's the current Bitcoin chart I took:

1. Channel/bear flag - Everyone expects a decline.
2. Ascending triangle - Breakout at $74,500, consolidation above, retest from above, and continuation upward.

Who is right?

Basically, no one, until there is a breakout with confirmation of movement up or down, validation of the trend, until then, everything looks like "I'm an artist, this is how I see it."

Why do I think the probability of growth is higher?

- We've already fallen from $120k to $60k. That's a lot, considering ETFs aren't panicking, and bears after ETFs won't be like before. Big players aren't HODLers; they don't dump into the order book, they've allocated 5% of their portfolio to crypto, it's easier for them to wait out than to realize losses.
- Liquidity in the market. Market cap of stablecoins - New ATHs. Bears haven't made money on growth yet.
- 90% of the crowd is betting on shorting. It's easier to look at this post.
- RSI and 90% of the indicators show oversold conditions.
- Level: Fear.
- BlackRock is buying, new players are joining crypto: Charles Schwab.

In my opinion, the chances of growth are higher.