Strong buying Growth Curve 61.8 Lvl and Bollinger Band Base

TL:DR
It appears we reached a local low

Everything Else
Greetings! I have been watching the Log Growth Curve for a while now and identified the 61.8 level as one of the more important levels when it cones to deterring the probable future of bitcoin. In previous markets cycles breaking the level has been indicated that bitcoin would be having a blow off top, but on each market cycle it seems bitcoin needs to spend more and more time to break through the level, as well as consolidate around the level. I continue to believe that once we get past this level onto the next level things are going berserk.

After the Pi cycle top indicator flashed we had a ferocious dump over the weekend.
Where did we fall? Right to the level I identified as crucial months ago. Even better, we only were below the level by 1% and less than 3 minutes.

I am personally in other cryptos as I think they have more upside but BTC is the benchmark for the whole crypto market. And the overall trend for bitcoin is bullish. Some of the best times to buy are when the price is out of the base of the daily bollinger bands.

To narrow it down to a realistic look at how we can recover I see it very likely that we get something resembling the last dump out of the daily bollinger band. Very probably we get a similar recovery with interactions around the blue trendline flipping from resistance to support. We can chop down here for a couple of days or longer.

Sidenote: I don't really buy this argument that it was because a power outage in China affecting the hash rate, unless the miners somehow coordinated to have their own power cut so they could time selling the market and rotate their bitcoin stores out of bitcoin into something else with more upside. It just so happened that the outage happened at the crux of a rising wedge after the pi cylce crossed. Who really believes the news these days anyway? /endsidenote

Comment:

Just a quick right up, still preliminary... But it seems there was another attempt by sellers to take advantage of perceived weakness (you may have seen people posting a symmetrical triangle and looking for it to break down). We seem to see a lot of buyers stepping up just outside the daily bollinger band. I have shown the daily BB on the 15 minute time frame so this does need some further verification. The fact remains the initial stab down was some 8.3% bellow the BB and now this most recent stab down was 1.34.

Reasons like this are why I like to use the BB to go big in a bull market. So far it is a winning strategy. There is only so much downside to be had, especially when the two main "reasons" for the dump are an allege power outage in BFE China and the Pi Cycle cross, which was only back tested to begin with.

Trade closed manually:

I have gone risk off except for a few shorts. Please see linked idea