So when BTC is doing something just like any asset it is throwing off signals, with experience you learn to understand the signals.
Right now it has been more difficult for price to go down than up. It is clear that BTC wants to retrace to the 61.8 of the entire 2019 move which puts it around $7300.00 so why has it taken so long? Well... what has been happening...
It is simple but I have to admit that sometimes it's hard to tell. The best thing to do to make it easy on you is to chart BTC in multiple timeframes. Alts can give you the impression that the bottom is in because they begin to creep up while BTC ranges or it moves up slightly. Right now it is clear that BTC (The Supreme Leader of crypto) is on a downtrend still...
