Max Bottom Identifier (MBI) Update.
Please read the complete thread for a conclusion
Our MBI seeks for convergence on multiple indicators and creates a more friendly way to understand where we are in the cycle. Use it to assess your own risk on your positions.
Please read the complete thread for a conclusion
Our MBI seeks for convergence on multiple indicators and creates a more friendly way to understand where we are in the cycle. Use it to assess your own risk on your positions.
Facts (Possible Local Bottom):
- Current levels are similar to last 29K major bounce , but IF we close and test below the 30k resistance we need to focus on the next possible bottom.
- The bullish divergence initiated a pump but was rejected.
- Current levels are similar to last 29K major bounce , but IF we close and test below the 30k resistance we need to focus on the next possible bottom.
- The bullish divergence initiated a pump but was rejected.
Facts (Possible Macro Bottom):
- We are entering the Dark Red Zone Fib area.
- We have only been there 3 times in $BTC history.
- Once we enter we always hit the dark red zone bottom (30K now)
- Bounce initiates when we TS gets red or bloody red (good level to DCA) and curves up.
- We are entering the Dark Red Zone Fib area.
- We have only been there 3 times in $BTC history.
- Once we enter we always hit the dark red zone bottom (30K now)
- Bounce initiates when we TS gets red or bloody red (good level to DCA) and curves up.
Cryptos are very correlate to Nasdaq in this crashes, but movements are much violent. For perpsective Nasdaq is just entering orange area, while $BTC is already on the dark red one.
This happen both ways, so when we recover, the upside would be much higher.
This happen both ways, so when we recover, the upside would be much higher.
Complementing MBI, check our Trend System (TS) update, this movements are not a surprise to us, as we have known for a while that we are on a midterm downtrend.
PS: indicators available on my Patreon. You don't have to use them, but try using a SYSTEM.
PS: indicators available on my Patreon. You don't have to use them, but try using a SYSTEM.
https://twitter.com/WalterCripto/status/1484515265308241924?s=20
Conclusion:
1) Strategy STILL the same, we wait for TS reversal before any big investment, NO RUSH, now more important than ever, as going lower chances are increasing. If $BTC goes to 100k you won't miss it if you use a trend approach.
and you will sleep well meanwhile :)
1) Strategy STILL the same, we wait for TS reversal before any big investment, NO RUSH, now more important than ever, as going lower chances are increasing. If $BTC goes to 100k you won't miss it if you use a trend approach.
and you will sleep well meanwhile :)
2) TP (trading psychology) at red level, could indicate that a macro bottom is close, which i will use to continue my DCA, specially if anoter bullish divergence appears.
Could we bounce right now and go to an ATH? OF COURSE! Anything can happen (specially if stocks rally up), these are only PROBABILITIES, so make your own interpretations and trade accordingly to your risk profile.
Don't loose money in volatility investing on the short term (4 hour timeframe or less) if you are not an experienced trader.
Be patient, let the whales do their thing, wait for trend reversal or major signs of recovery.
Be patient, let the whales do their thing, wait for trend reversal or major signs of recovery.
IF we go up and close above the 39K resistance, then we return to consider a possible Local Bottom scenario instead of a Macro Bottom.
The key here is to react, not just buying blindly.
Not financial advice.
The key here is to react, not just buying blindly.
Not financial advice.
#Bitcoin #BTC #cryptocurrency
@TechDev_52 @CryptoKaleo @inmortalcrypto @invest_answers @CryptoMichNL @crypto_birb @CryptoSenorita @ctoLarsson @intocryptoverse
@TechDev_52 @CryptoKaleo @inmortalcrypto @invest_answers @CryptoMichNL @crypto_birb @CryptoSenorita @ctoLarsson @intocryptoverse
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