I loved my title :) haha if you're reading this: I intrigued you! And I made you read it. ☺️ thankyou!
Ok, This is what I think about why we might be near the bottom.
The 200 EMA on a weekly scale has been a very selective indicator to indicate this. Above, you can see how the chart touches the candle when the market is oversold (as indicated by RSI below). You can see that it repeats itself in sharp, spike-like, and short-term decline: marked by the yellow circles on the chart.
And finally, the volume indicates, with blue dot lines, the high and medium volume levels. There's no hay below. And we just entered HIGH :) This is going to get even more interesting... and sharp 😜 ✌🏼
Ok, This is what I think about why we might be near the bottom.
The 200 EMA on a weekly scale has been a very selective indicator to indicate this. Above, you can see how the chart touches the candle when the market is oversold (as indicated by RSI below). You can see that it repeats itself in sharp, spike-like, and short-term decline: marked by the yellow circles on the chart.
And finally, the volume indicates, with blue dot lines, the high and medium volume levels. There's no hay below. And we just entered HIGH :) This is going to get even more interesting... and sharp 😜 ✌🏼
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.