Thread by @kenoshaking

$BTC:

1/ BAD NEWS: We haven't bottomed yet.

GOOD NEWS: The bottom is not that far away.

Thread...

2/ First off, levels. Since volatility has dramatically increased, it is pertinent to have a granular view of current volume node structure. Resistances have piled up, so any pullback must be closely watched for any sign of exhaustion. The $4,300 area is the "center of mass."

3/ @WhiteChocChimp's incredible weekly Gaussian bands (1) show a crucial confluence with the general $2,800 high value node zone (2). This gives a more detailed view of the nuances that come with that level in terms of potential swing and closing weekly price behavior.

4/ This general area is also supported by the 200-week MA and a good deal of buying positions (volume at time) back in Sept., 2017.

5/ Fortunatelly, all FA-Woo indicators are trending to normal in a much quicker fashion than expected. For example, the NVT signal is already within heathly conditions (purple), although still requiring a full reset below the 45 blue line.

6/ The 365 Mayer Multiple, exceptional so far in catching cycle bottoms, also shows signs of reaching its historical floor.

Crucial correction: this indicator belongs to @PNFtarget. Apologies.

Fin/ Given the strength of the downtrend and current information, a selling climax may come as soon as December and as late as February.

Anything substantial changes. I'll post.