Thread by @WalterCripto

$ETH Max Bottom Identifier (MBI)

$ETH just entered the downtrend channel, fighting to get out. (resistance:2458 USD)

Sentiment already at Low Fear, last 2 macro bottoms reached high and extreme fear.

Conclusions at the end.

-Each time $ETH enters the downtrend channel it tends to go all the way down to its lower limit (1700 right now)

- The ammount of time it stays in the channel varies greatly. (From 30 to 320 days)

- Macro Bottom was hit when we reached the purple sentiment levels.

- But there was a failed bottom previous to the march'20 black swan event. Sentiment was yellow at that time.

So in conclusion.

The blue zone is the best zone to start accumulating. Also, purple sentiment appear when bottom is close. Those opportunities are scarce.

We don't know how long we will stay there (days or months) and how low the price could finally go, so don't spend all your powder at once.

Or you just can wait trend for trend to flip bullish again using a trend system.

Decision is up to you and how much you believe in $ETH for the next run.

https://twitter.com/WalterCripto/status/1486468170617602055?s=20

Note: Sentiment fear levels are not the same than the Fear and Greed Index.

Not financial advice.

Want to know more about the MBI? check this thread.

https://twitter.com/WalterCripto/status/1486452275295965186?s=20

Want to be consistently updated and access our custom indicators? Join our Patreon
- Newsletter
- Trend System (TS) Access and Indicators
- Max Bottom Identifier (MBI) Access
- Crypto tracker (Updated Trends of major coins)
patreon.com/Trendriders

#BTC #Ethereum #BitcoinCrash #Bitcoin #cryptocurrency #cryptocrash

@TechDev_52 @CryptoKaleo @inmortalcrypto @invest_answers @CryptoMichNL @crypto_birb @ctoLarsson @intocryptoverse @BigCheds @coinmamba