Our phase indicator is always on "cut", as it detects instability and high degree of risk in the short term.
2/ On the other hand, we remain very confident in our medium-term analysis : we do not see any capitulation below the zone identified as historical bottom by our indicators and macro analysis : 33K seems to be the bottom 2022.
3/ The macro structure of #BTC is composed of HH and HL (Higher Highs and Higher Lows), which is by definition bullish on the medium-long term.
Historically, no market capitulation has occurred at the end of an HH-HL structure.
1/ In this thread we show how S&P500 indicators have accurately determined the set of #Bitcoin bottoms throughout its history.
There is no certainty in trading, but the odds that this right detection continuing is over 80%.
This work shows that the last #BTC bottom is recent.
2/ The Standard and Poor's 500 (S&P 500), $SPX, is a stock market index tracking the performance of 500 large companies listed on stock exchanges in the United States.
It is one of the most commonly followed equity indices.
Market cap : US$42.4 trillion.
3/ BTC's bottoms detection using the 2W-Stochastic RSI K-line of the S&P500.