Bitcoin 2022 Potential Bottom
I have realized that the Bitcoin cycle bottoms are characterized by the following:
- Weekly timeframe: Reverse PMAR & PMARP: Oversold or near oversold levels.
- Weekly timeframe: Hash Ribbons: Bottom is near a Capitulation signal.
- Bottom is historically 50 to 60 weeks after the Cycle Top.
- Bottom is historically 70 to 80 weeks before the Halving.
I think the bottom is already in when we dipped to 15k.
- Weekly timeframe: Reverse PMAR & PMARP: Oversold or near oversold levels.
- Weekly timeframe: Hash Ribbons: Bottom is near a Capitulation signal.
- Bottom is historically 50 to 60 weeks after the Cycle Top.
- Bottom is historically 70 to 80 weeks before the Halving.
I think the bottom is already in when we dipped to 15k.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.