This new talk about yearly candles only sounds good.

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But how good does it actually look to you? If we finished the year at these levels, it would be the only time we’ve ever seen a yearly engulfing candle to the downside. Heck, at this level it wouldn’t just be an engulfing candle, it’d be that x2.

This is not to say I am not bullish on Bitcoin and crypto in general. Quite the opposite – I am still in it for the long run and am of the opinion that at this point in the “bear market” it’s too late for me to sell anything. In fact I’m buying. And I will ride the wave until we’ve bottomed and rebounded.

Anyway the chartless rhetoric about how BTC has a red year every x years sounds good, but looks terrible. We are in uncharted waters, folks. Take care.

submitted by /u/Forward_Cranberry_82
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