Closing prices vs. candle peaks has been interesting to watch lately, across more than one time scale (6h, daily, weekly).
12 hr has been my favorite timescale as of late, rather bullish looking these last few months... Yet still long enough that fluctuations are at least a little dampened.
If we can assume that the market has turned and we are now in a majority bullish market, what would it take to revert to a bear market at this point?
Thanks,
The PBoC to stop fiat flux to the exchanges.
This already happened 2 years ago.