Jasonborntodie

Long term BTC bottoming cycle

INDEX:BTCUSD   Bitcoin
Stop me if you heard this one before!

Long term bitcoin chart-gives me the impression that we are in a bottoming formation here. Time wise it fits given the 4 year past cycles we have been seeing so far.

I like the Demarker osc divergence we've got forming here in this area. Also like that the "mining capitulation indi" has signalled a couple of weeks back on the last leg lower. Could mean that the end of this year's down cycle is on t way out.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.