I know previous results doesn't guarantee future results, but if we check this indicator we can see clearly when BTC touch this channel levels (bottoms) has performed very well on weekly TF. Does this time will bounce again? Who knows, let's see.
don't bet on it. its DC, lower band can keep going down with price.
TeamDoubleBottom
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@Umarzia, Yea, evrything is possible i am not saying we will bounce exactly here, but i believe we are near the bottom than the top. So i don't think right now is time where you want to sell, more likely buy opportunity, imo.
Umarzia
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I do agree with you selling here isn't good but also should stay caution about buying. maybe 40k-32k is good area to DCA