BTC bottom in ?? Nah!
In this chart I have illustrated a possible scenario which can play out (at least that's what i think).
There is still a lot of sell off left .
1. Volume decreasing on daily
2. Price is below the weekly MA for the 5th week in a row
3. Unstable macro economic conditions
For all those who are saying the pi-cyle bottom flashed. I have only 1 question:
Did bitcoin ever trade in a macro bear market ? Cause all the times pi model printed a bottom it was in a macro bull market (Just like bitcoin broke the previous ATH to the down side . this was something which never happened before)
There is still a lot of sell off left .
1. Volume decreasing on daily
2. Price is below the weekly MA for the 5th week in a row
3. Unstable macro economic conditions
For all those who are saying the pi-cyle bottom flashed. I have only 1 question:
Did bitcoin ever trade in a macro bear market ? Cause all the times pi model printed a bottom it was in a macro bull market (Just like bitcoin broke the previous ATH to the down side . this was something which never happened before)
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.