$BTC has been breaking through every support in this bear market, now we have FTX contagion and the question is where will we bottom?
Going back in time to previous bear markets ive noticed the "final trend". Drawn in black, this is where bitcoin has consistently found its bottom at 1,8k in 2017, 3,1k in 2018 and 3,8k in 2020.
At time of writing that final stand...
Monday will determine where we are. I have three theories for now. Most importantly I am not yet convinced the near-term bottom is in because other stocks that have followed the market pretty well have not finished their wave 5 bottoms which would have them notch lows lower than their wave 3 bottoms from June.
The S&P 500 index ended its last long bull run with a...
