1. Daily MACD PPO is at an historic low.
The last time it was at this level was March 18 2020 which was the beginning of the bull run.
Previous occasions were Nov 2018 and Feb 2018 which were not bad times to long.
2. Daily MACD is crossing up
3. The dump bounced perfectly off the 618 fib level, it wouldn't be outside the realms of possibility
for that to have been the bottom.
4. The difference between today and previous bull runs is obviously institutional backing,
the likes of Tesla, Microstrategy, some banks and other backers won't want to see levels below 40K
for too long in my opinion.
The last time it was at this level was March 18 2020 which was the beginning of the bull run.
Previous occasions were Nov 2018 and Feb 2018 which were not bad times to long.
2. Daily MACD is crossing up
3. The dump bounced perfectly off the 618 fib level, it wouldn't be outside the realms of possibility
for that to have been the bottom.
4. The difference between today and previous bull runs is obviously institutional backing,
the likes of Tesla, Microstrategy, some banks and other backers won't want to see levels below 40K
for too long in my opinion.