Thread by @el_crypto_prof

$BTC #Bitcoin

Is the bottom of Bitcoin in, or not?

In this thread, I would like to update you with charts and on-chain analysis on this topic, since my last thread was more than 3 months ago.

1/14

$BTC #Bitcoin

If you ask me, this is one of the most important trendlines for Bitcoin (for the last 5 years).

Every time $BTC has broken through it (whether down or up), the price fluctuations have been very volatile afterwards.

For now, the line is holding.

2/14

#Bitcoin

This chart shows quite clearly that structures can always repeat themselves. It doesn't matter, whether it is inverse, other timeframes, or other assets.

Left= $BTC '18-'21.
Right=Inverse-Chart $BTC '21-'22.

We should see a reversal very soon.

3/14

$BTC #Bitcoin

Inverted chart of Bitcoin.

$BTC touched this trend line not so often. This is only the third time in 7 years.

Could this be a turning point?
If so, I am targeting the red dotted line (>100K), before we slide into a major crash.

4/14

$BTC #Bitcoin

Had already mentioned this.

2014/2015 Top to Bottom = 426 Days
2021/2022 Top to Bottom = 426 Days

5/14

#Bitcoin

One of my favourites: Mayer Multiple Bands (MMBs).

As you can see, we touched the 🟠 line only in the Covid Crash (exceptional situation=very volatile).

Otherwise, $BTC has never broken the 🟠 line.

This area has always been an optimal buying opportunity

6/14

$BTC #Bitcoin

Yes, the 200 Weekly MA is great and has proven many times over the years that it was a good decision, to buy in this area.

But have you heard of the SMMA 200?

It was very accurate in 2015, 2020 and $BTC is at that line again now.
$BTC has never broken it.

7/14

$BTC #Bitcoin

Gaussian Channel:

I had already told you in June that the ultimate low of $BTC always happened at the beginning of the red channel.

So far, it's been repetitive.

To me, it looks like $BTC is forming a channel here, as in previous years.

8/14

$BTC #Bitcoin

Bitcoin Rainbow Price Chart:

Since 2012, this chart has been one of the best tools, to figure out which levels are good to buy or sell.

$BTC is currently at a level, like the 2020 Covid Crash, where it fell out of the blue area for a few days.

9/14

$BTC #Bitcoin

Fear & Greed Index:

As I said last time - this picture is self-explanatory.

If you look closely, it looks very similar to 2019.

Accumulation, before a leg up.

10/14

$BTC #Bitcoin

In my opinion, the puell multiple chart is one of the best on-chain charts, when it comes to finding the bottom for $BTC.

In recent years, it has fallen into the green zone first and then tested this area a second time, before making the next run up.

11/14

#Altcoins //TotalMarketCap

I have shared this chart the first time, at the beginning of the year and it still runs 100% according to plan.

I think Altcoins will experience a run that many haven't seen before.

12/14

$BTC #Bitcoin

Is the Bottom in, or not?

As I said last time, finding the exact bottom of Bitcoin is like winning the lottery.

However, you can see that all the charts I shared last time, continue to suggest that we have already seen the bottom of $BTC.

13/14

$BTC #Bitcoin

I still believe that after this crash/correction, we will see a longer upward phase, before we get into a real recession, with a major crash that will last for years.

14/14

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