Historically, a significant "spike/plunge" down on the weekly RCDI (Relative Candle Directionality Index) had consistently indicated that the bottom is/was in (in the past two cycles). Time will tell if this is valid for this cycle, while the world anticipates a severe global recession, if not depression.
Ready to head up higher? See previous analysis:
Speculatively speaking, I'm biased towards BTC moving higher. TA wise, I will want to see it break through the 8684USD resistance first, and show that it finds support over the next candle or two before making an entry with suitable stop-loss set. Related post: (Oct 8) BTCUSD short-term bullish I typically use the following two indicators to help pick...
Bitcoin ready to fall lower in the short term, after a bit more sideway movements? The PRISM oscillators look slightly bullish though, with the momentum in the positive, however, the acceleration/jerk ribbon looks to be losing strength. PRISM Relative Candle Volatility & Directionality Index (RCVI/RCDI) CYBER ENSEMBLE FUSIONGAPS V4 {50/15-Series} (Local...
See earlier published chart for possible targets: 19Sept19 14Sept14