I think we're at the end of the mini bear cycle. I know I was telling everyone about a month ago that we could potentially see 37.5k BTC, but I started using logarithmic pricing, and I discovered trends on the daily chart that I had never seen before.
The red mid-line trend I drew goes back to April 2018. However, if I included it in the screen shot, it would be to messy looking, so what you are seeing goes back to June 2019. Even with that, that's still 2 and a half years worth of evidence, which I think is plenty.
As you can see, the Trend Exhaustion (TE) indicator is in great confluence with the red line. Whenever TE is maxed out, the red line is resistance, and whenever TE is at the orange line or bottom out, the red line is support (see circles). I believe that we have bottomed out, because we are at the orange line, have not gone under the red line, AND we are at the bottom of the bollinger band (so blue line).
If this indeed is the bottom, we should squeeze around late January/early February. IMO, this is the perfect time to go in again on your favorite cryptos. Not financial advice.
The red mid-line trend I drew goes back to April 2018. However, if I included it in the screen shot, it would be to messy looking, so what you are seeing goes back to June 2019. Even with that, that's still 2 and a half years worth of evidence, which I think is plenty.
As you can see, the Trend Exhaustion (TE) indicator is in great confluence with the red line. Whenever TE is maxed out, the red line is resistance, and whenever TE is at the orange line or bottom out, the red line is support (see circles). I believe that we have bottomed out, because we are at the orange line, have not gone under the red line, AND we are at the bottom of the bollinger band (so blue line).
If this indeed is the bottom, we should squeeze around late January/early February. IMO, this is the perfect time to go in again on your favorite cryptos. Not financial advice.