Average of 35days with 2011 included without 2011 we talking about 10days average , this is by far the rarest Bitcoin oversold signal you're going to get.
Now the lowest Mayer Multiple Band is 18.2k which is in line with the last CME GAP!
Last time we hit the lowest band was March 2020 covid crash which tapped it perfectly!
This could be the key at pinpointing the bottom. The question is when , well it could very well happen this week since bitcoin has never closed under a 200 weekly moving average. If Bitcoin did hit 18.4k close to the CME GAP then close the week above 22.3k which would be the 200 weekly.
t.me/+8CRZJqXrjwU4ODA0 re-launched telegram group , it is free , just place to chillout talk about crypto bull market , will be posting trades live randomly
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