This is my Bollinger band System. Last update was back in Early 2020, where it pointed Bitcoin to find bottom at $4400-$4800.
I expected a bounce from here to about $45k before we plummet. But for that to be ruled out we must close above the 20 Week Moving average.
If things continue as they are Bitcoin will bottom between $19,000-$20000, but that could just be a short term bottom if we play out like 2018.
This system is the best to find bottoms, Successfully found the 2018 2019 and 2020 bottom.
As I type the bollinger band is curling downward.
I expected a bounce from here to about $45k before we plummet. But for that to be ruled out we must close above the 20 Week Moving average.
If things continue as they are Bitcoin will bottom between $19,000-$20000, but that could just be a short term bottom if we play out like 2018.
This system is the best to find bottoms, Successfully found the 2018 2019 and 2020 bottom.
As I type the bollinger band is curling downward.
