BitcoinPanjang
Reasons to believe the Bitcoin bottom is in at $39.6K
Reason 1: This C wave from $69000 on Nov 10th: Minor wave 1 is $13400 in length; minor wave 3 is $18100 in length, minor wave 5 is $12500 in length. Minor wave 5 is roughly equal to minor wave 1 which principle is often followed in Elliot Waves.
Reason 2: The line from Intermediate Wave (3) to Intermediate Wave (4) has many support and resistance areas that have been kept.
Reason 3: The 2013 Intemediate Wave (4) that ended in July 2013 stopped at roughly Bitcoin log growth curve 3; this bull market Intermediate Wave (4) is also ending near the 3rd log growth curve.
Reason 4: The Bitcoin Fear and Greed Index is at "extreme fear" levels.
Reason 5: The CBBI discounting the two highest on chain metrics is now at 38; a very low level in a bull market.
Reason 2: The line from Intermediate Wave (3) to Intermediate Wave (4) has many support and resistance areas that have been kept.
Reason 3: The 2013 Intemediate Wave (4) that ended in July 2013 stopped at roughly Bitcoin log growth curve 3; this bull market Intermediate Wave (4) is also ending near the 3rd log growth curve.
Reason 4: The Bitcoin Fear and Greed Index is at "extreme fear" levels.
Reason 5: The CBBI discounting the two highest on chain metrics is now at 38; a very low level in a bull market.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.