1. Fib Zones -> the month after 13 is capitulation (february).
2. The purple line is the All Time Mean, look at how BTC bounced of it last time ( in 2011 it broke below for 3 months and then consolidated above it), last time capitulation went from yellow to purple like straight.
3. Look at the 14 months and we are at the same level (actually a below last time just a bit).
Disclaimer: I'm not short, already started buying (dipping the toes).
FYI: If you wanna check out any of my indicators they are in the public library.