Bottom within 2 weeks around 16.2k? ... don't make this harder than it needs to be? ... last low at 17.5k (4) represented the previous swing low around this price level (1), with the pi cycle ma's not having crossed bearishly yet BUT they're very much about to do so (2), we could simply assume the next swing low around this price action (1), which is not too far away, could actually represent our new cycle bottom (4). On top of that this low would align perfectly with the weekly 300ma (4), the exact spot where we bounced from in 2015 and Covid 2020 (3)...
On top of that, i'll give you guys an update on the DMI indicator, which now clearly finds itself within previous bottom cycle ranges, feel free to scroll through the DMI and you can check the horizontals i drew... the represent 2013 and 2018 bottom levels for the DI- ,DI+ and ADX...
We're so close imo... for BTC at least, with altcoins you never know...
Happy trading folks
On top of that, i'll give you guys an update on the DMI indicator, which now clearly finds itself within previous bottom cycle ranges, feel free to scroll through the DMI and you can check the horizontals i drew... the represent 2013 and 2018 bottom levels for the DI- ,DI+ and ADX...
We're so close imo... for BTC at least, with altcoins you never know...
Happy trading folks