This is the Bitcoin Bottom - Time to accumulate
You need to answer for yourself: Do you think all of these indicators are wrong, or have we yet to see final capitulation?
We're a few days away from pi-cycle bottom, which accurately called the bottom on the past two cycles. We also have:
- RSI 2 week MA lowest point EVER
- 50/100 week MAs crossing soon
- 200 week crossed, 300 week approached
- risk metrics green
- limited upside to 69k of only 350% to previous ATH, followed by limited downside of 74.5% price decline
- hash ribbons firing capitulation of miners
- defi destruction, liquidated leverage complete
- multiple weekly indicators/algos firing on other charts charts
- bitfinex longs at historic all time highs
- ichimoku cloud compression
What else? Do we wait for pi cycle indicator to bottom signal in a few days? Do we wait for the Fed to pivot on inflation/QT stance? Charts/algos/metrics say this is the bottom. Macro economic conditions say it isn't. Is this time different? I don't think it is. Time to start accumulating.
We're a few days away from pi-cycle bottom, which accurately called the bottom on the past two cycles. We also have:
- RSI 2 week MA lowest point EVER
- 50/100 week MAs crossing soon
- 200 week crossed, 300 week approached
- risk metrics green
- limited upside to 69k of only 350% to previous ATH, followed by limited downside of 74.5% price decline
- hash ribbons firing capitulation of miners
- defi destruction, liquidated leverage complete
- multiple weekly indicators/algos firing on other charts charts
- bitfinex longs at historic all time highs
- ichimoku cloud compression
What else? Do we wait for pi cycle indicator to bottom signal in a few days? Do we wait for the Fed to pivot on inflation/QT stance? Charts/algos/metrics say this is the bottom. Macro economic conditions say it isn't. Is this time different? I don't think it is. Time to start accumulating.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.