These indicators show BTC has LIKELY hit the bottom!
Yesterday I was going through some of my old indicators I had saved from a few years back, got playing around with them, I have been really trying to find some way to figure out if we are coming down further or if the dump from the other day is the bottom.
These 3 indicators have predicted the bottom within 5.5%. So when its had 3 green bars, BTC has never gone over 5.5% further down. That for me is highly significant!
Past action is never proof of the future, but when we are all sitting here wondering, "is this the dip BTC takes our souls?!" I think there's some confidence to be taken from what I've found here that its LIKELY, btc will move in an at least a sideways trend for a few weeks.
PLAN FOR THE DUMP, SET YOUR STOPS, but have some confidence in buying bottoms here.. IMO
*Not sure how available these indicators are, if you're interested in getting your hands on them let me know, if theres enough interest I can try and figure out how to share them. I think the ULT RSI is no longer in the TV library online. I may have to check with the author first however.
* Authors name is ChrisMoody, hes here on tradingview, search that name, he has a ton of great indicators.
These 3 indicators have predicted the bottom within 5.5%. So when its had 3 green bars, BTC has never gone over 5.5% further down. That for me is highly significant!
Past action is never proof of the future, but when we are all sitting here wondering, "is this the dip BTC takes our souls?!" I think there's some confidence to be taken from what I've found here that its LIKELY, btc will move in an at least a sideways trend for a few weeks.
PLAN FOR THE DUMP, SET YOUR STOPS, but have some confidence in buying bottoms here.. IMO
*Not sure how available these indicators are, if you're interested in getting your hands on them let me know, if theres enough interest I can try and figure out how to share them. I think the ULT RSI is no longer in the TV library online. I may have to check with the author first however.
* Authors name is ChrisMoody, hes here on tradingview, search that name, he has a ton of great indicators.
