Bitcoin – extreme fear but bullish

18.01.2022 9:43 pm

Hello, everyone!

As you already know, I am bullish on bitcoin in short term. We have already seen the strongest bullish signal ant it is still actual. The cryptomarket is in extreme fear for a long time yet but this insane indicator gave long signal again.

Pifagor Money Flow Index is the special modification of MFI which shows the whale’s activity. The price formed the falling wedge in July 2021 in combination with the strong buy MFI signal, as a result it leads to new ATH. Now we have the same situation. Of course I don’t think that we will see new ATH next 2 years, but the bull trap have to be formed and we will take this move!

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