read the text on the chart. 1. Bitcoin miner capitulation, preferably showing a bottom pattern or crossing green. THis usually takes 2-8 weeks (these are the boxes marked green) 2. Weekly MACD reversal at or near the bottom of the symmetrical triangle 3. Touching the MA 4. Me being convinced there are lower legs to come Happy hunting!
Interpreting the recent run to ATH and subsequent crash as a UTAD (Up Thrust After Distribution) allows a broader perspective to be taken on market behaviour since February. This idea tracks that scenario and provides an indication of the price action to expect if this is to be confirmed. I am still bullish but using this to consider bearish scenarios. For more...