All the gains from the May-July bullish wave for NULSBTC have been removed...
Now we are having a strong bounce at support/higher low.
Let's keep this one simple...
The blue arrow is the main scenario I see playing out.
Even though all gains have been removed, we have a higher high (July's peak) and a higher low (Sept. low) which means bullish.
This pair can easily produce a new wave of growth.
Namaste.