BTC Bulls: Keep Marching NE to Recovery...
Chart says it all. I don't care about capitulation candles. There are only two things that matter when measuring markets. Momentum + Psychology. To do this accurate we need to measure capitulation phases not candles.
The more we grind to the NE direction the more confident we will become the bottom is in. Still too early to tell, but the weekly and monthly candles suggest the Dec Low was the bottom based on the phase + market psychology we are seeing.
Video coming soon today on Bitcoin Price Analysis.
Again follow me on twitter if you're looking to connect or want intra day updates.
Cheers,
Bobby
The more we grind to the NE direction the more confident we will become the bottom is in. Still too early to tell, but the weekly and monthly candles suggest the Dec Low was the bottom based on the phase + market psychology we are seeing.
Video coming soon today on Bitcoin Price Analysis.
Again follow me on twitter if you're looking to connect or want intra day updates.
Cheers,
Bobby
Commentaire:
slight change on chart. *Capitulation PHASE is any candle group with drop > 50%. Capitulation phase is candle over candle negative closes.
Commentaire:
Daily perspective with fib level adjusted in 2019. Basically I believe the bottom is in. We are now crossing the desert to recovery. Once BTC confirms the EMA 200 Day as support just like 2015 we will be out of this bear market. We will however be stuck inside the desert crossing phase until we break out of 8k.
