Not sure much is needed to be said here, it's pretty clear.
Every time the RSVVB has squeezed to these extremes it resulted in a huge move to the upside.
We are now experiencing that extreme squeeze, I wonder what comes next...
Now for the bearish side.
The Weekly MACD is printing red.
Only other times this has happened
2013 bear market
2018 bear market
December 19th, 2019
2020 Flu dump
So besides the black swan event
There's a 2/3 chance we go bear here according to the Weekly MACD trend.
With other indicators like the RSI.
I'm of the belief we have found the bottom or extremely close to it.
Could easily go back to 32k or even hit 28k but low chance so I'm okay missing out on it.
Bullish from here on, accumulating tokens and holding for a while.
Every time the RSVVB has squeezed to these extremes it resulted in a huge move to the upside.
We are now experiencing that extreme squeeze, I wonder what comes next...
Now for the bearish side.
The Weekly MACD is printing red.
Only other times this has happened
2013 bear market
2018 bear market
December 19th, 2019
2020 Flu dump
So besides the black swan event
There's a 2/3 chance we go bear here according to the Weekly MACD trend.
With other indicators like the RSI.
I'm of the belief we have found the bottom or extremely close to it.
Could easily go back to 32k or even hit 28k but low chance so I'm okay missing out on it.
Bullish from here on, accumulating tokens and holding for a while.