BTC magic indicator which shows the bottom & new bull run start
Hi dear community and my loyal followers. Couple weeks and months later you will understand why I think the real bottom was at 17.5K in June.
I'm looking at weekly timeframe and would like to show you this magic indicator which marks the real bottom of BTC and bull run start.
This magic indicator went below -10 3 times in BTC whole history, They are bear markets. When orange line crosses above blue line the bottom was already in and when blue line goes above -10 bull run starts and BTC price breaks the major diagonal resistance trendline.
I'm sure BTC real bottom was at 17.5K in June and the recent dump is a fake break down/ bear trap/ with double bottom like 2021 November top /69K/ which was a fake break out/ bull trap/ with double top.
BTW BTC price never reached to red channel)) in its whole history. The current value of it is 14.2K.
If you like my ideas, don't forget to follow me please. I will appreciate a lot.
I'm looking at weekly timeframe and would like to show you this magic indicator which marks the real bottom of BTC and bull run start.
This magic indicator went below -10 3 times in BTC whole history, They are bear markets. When orange line crosses above blue line the bottom was already in and when blue line goes above -10 bull run starts and BTC price breaks the major diagonal resistance trendline.
I'm sure BTC real bottom was at 17.5K in June and the recent dump is a fake break down/ bear trap/ with double bottom like 2021 November top /69K/ which was a fake break out/ bull trap/ with double top.
BTW BTC price never reached to red channel)) in its whole history. The current value of it is 14.2K.
If you like my ideas, don't forget to follow me please. I will appreciate a lot.
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