In order to construct the slow stochastic I changed the parameters to 100/10/5, this creates a slower stochastic which is better suited to detect long-term shifts in trends.
In all of Bitcoin's history, this slow stochastic has crossed the 30-line from below only 4 times. The previous 3 times all signaled the start of a new bull-run.
Three weeks ago, we had another cross from below. Seeing that the market often rhymes, I'd like to think that the bottom is in and that we're likely to go up from here.
Naturally, it's possible to see deviations (like the 2020 Covid dump), but I deem it highly likely that the bottom is in and that as new bull-run has started.
Keep sharing your great charts dear, I like your work
WalterMoon
⋅
Nice BTCUSD explanation mate
OTWhale
⋅
Nice post, but there are some typos: 30-line should be 20-line, 3 weeks ago should be 4 weeks ago. BTC is in early accumulation phase, we are still far from the markup, so we can still expect a move down. However I agree with you that we won't see 15K BTC again, even if such deviations occur.
deeqoo-ali
⋅
I believe bear market is over but not just about correction yet. Looks BTC wants to go down further before change of direction but anything possible and try not to predict and just react to market, better for pocket and wellbeing