Description
⋅ This is my Bollinger band System. Last update was back in Early 2020, where it pointed Bitcoin to find bottom at $4400-$4800.
I expected a bounce from here to about 45k before we plummet. But for that to be ruled out we must close above the 20 Week Moving average.
If things continue as they are Bitcoin will bottom between $19,000-$20000, but that could just be a short term bottom if we play out like 2018.
This system is the best to find bottoms, Successfully found the 2018 2019 and 2020 bottom.
As I type the bollinger band is curling downward.