As shown in the chart in each cycle the bitcoin tend to visit the 200 Weekly MA in its last bear trend capitulation, notice the following terms in the chart:
- Golden zone: is the area where Bitcoin will potentially mark the bear market bottom, and most traders will agree its a bear market and flip bearish, the bear market will be at it final accumulation zone.
- Capitulation volume: You will notice that during the last capitulation, corresponding to the golden zone fat volume candles, as a sign of bulls accumulating for the bull run big rally.
- Small bounces: Yes the market can make some bounces from here at 40ish range, if you are a day trader I bit you know better than me on this one
#Bitcoin #SwingTrade #TrendAnalysis
- Golden zone: is the area where Bitcoin will potentially mark the bear market bottom, and most traders will agree its a bear market and flip bearish, the bear market will be at it final accumulation zone.
- Capitulation volume: You will notice that during the last capitulation, corresponding to the golden zone fat volume candles, as a sign of bulls accumulating for the bull run big rally.
- Small bounces: Yes the market can make some bounces from here at 40ish range, if you are a day trader I bit you know better than me on this one
#Bitcoin #SwingTrade #TrendAnalysis