Update on my previous prediction for BTC capitulation.
Usually that's a bounce off the 200SMA, but rather than just relying on lagging indicators heres some additional confluence towards that...
Looking at 2018 on the left, we can see that the December 2018 capitulation dipped to the 200SMA (yellow line), and also the first point of untested support on the...
Whilst my previous prediction did pick out $25K as the number for a bounce, and we saw a quick move back above $30K for some easy 30%+ gains on many ALTs, I failed to predict how a falling NASDAQ would impact BTC.
Based on this, and the power law corridor turning red, we are officially in 2018 bear repeat territory.
I've draw 2 zones as possible bottoms... the...
