f-73

Refreshing my long term trend chart

f-73 Mis à jour   
BITSTAMP:BTCUSD   Bitcoin
It was about time to refresh this one, dating back 2019 / 2020.

Still valid so far, close to green support.
I'm wondering about the outcome.

Previous iterations:

2020

2019
Commentaire:
CMF - 2W
pretty close to 2015,2018 bottom.

Willy - 2W
Pretty close to oversold, but not quite there.

NVT - W
Close to "landing" zone.

Hash Ribbons
Final capitulation ahead or not ? Let's decide ;)

All the above seems to suggest that either price will have a final move down soon, followed by a strong bounce, or a bounce with happen soon, with a further low being painted within the weeks after that (if so there's a chance of a higher low or double bottom).

Keep an eye on hash ribbons.
Trend reversal usually needs to go through miners capitulation.
Commentaire:
Miners capitulation started.

Commentaire:
NVT entering the support area.


Willy nearing oversold


CMF almost, but not quite there ...


All in all good R:R ratio for filling bids on weakness, especially in alts.
imho.
Commentaire:
Longer term let's look at TD count on MONTHLY.


Usually 5th red candle sets bottom.
We have a decent 6th (may) and we're sitting on log support.

From here it's either confirm history, or write a new history.
Commentaire:
So let's see june close.
Commentaire:
Weekly finally getting oversold.
Commentaire:
Here we go on CMF as well:


Make it or break it (mind it's 2W).
Commentaire:
CMF (W)
Commentaire:
Finally NVT(W) intraweek infraction:
Commentaire:
Dominance: the trap and the movement down towards support (43ish):
Clause de non-responsabilité

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