RSI is 24 on BTC currently.
Other indicators like Fisher Transform and Filter dots are at the lowest point since the Nov. 2018 selloff.
To me this signals we are at the bottom.
Rebound is not only immenent, if it follows the last dip to this point we should see 100%+ returns in the next 6 months or less.
We are currently resting on the pink diagonal support. We could descend further into the wedge.
The bottom red line support is a log support line from the beginning. I do not see us going down this far, although its possible.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
Other indicators like Fisher Transform and Filter dots are at the lowest point since the Nov. 2018 selloff.
To me this signals we are at the bottom.
Rebound is not only immenent, if it follows the last dip to this point we should see 100%+ returns in the next 6 months or less.
We are currently resting on the pink diagonal support. We could descend further into the wedge.
The bottom red line support is a log support line from the beginning. I do not see us going down this far, although its possible.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.