Bitcoin bottoms up
As we all continue to look for a price bottom for #Bitcoin #BTC I have been looking at some alternative indicators
One which I found interesting is Ben Cowen's risk indicator which, if history is to go by, has done a pretty good job of indicating the bottom whenever the indicator has turned bright purple falling below 0.20
This has not happened yet which possibly suggest more downside before we see a 'bottom' and I will personally be waiting for this indication before buying
Something you will notice is the indicator does not remain below 0.20 or bright purple for long so this will be something that needs to be monitored closely
It has also done a good job of identifying the tops and good times to sell whenever the indicator turns yellow/red or goes above 0.80
As always leave a like and let me know what you think
One which I found interesting is Ben Cowen's risk indicator which, if history is to go by, has done a pretty good job of indicating the bottom whenever the indicator has turned bright purple falling below 0.20
This has not happened yet which possibly suggest more downside before we see a 'bottom' and I will personally be waiting for this indication before buying
Something you will notice is the indicator does not remain below 0.20 or bright purple for long so this will be something that needs to be monitored closely
It has also done a good job of identifying the tops and good times to sell whenever the indicator turns yellow/red or goes above 0.80
As always leave a like and let me know what you think
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