Bitcoin, during the recent capitulation has shown similarity with the last capitulation from 6000>3200.
Last time this occurred, Bitcoin bottomed out and entered the accumulation phase in the following months.
This may mean that a bottom may be in the works and to be expected in the following months.
- 2-3 week initial capitulation
- Followed by a "bullish" weekly spinning top
- Followed by a final push down lower in the following weeks
Last time this occurred, Bitcoin bottomed out and entered the accumulation phase in the following months.
This may mean that a bottom may be in the works and to be expected in the following months.
Note
S/R Inversion
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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.