BitcoinLong
$BTC Bitcoin Pi Cycle Bottom Signal!
We have officially put in our bottom on the Pi Cycle indicator here.
At the same time we have officially diverged trend on the Puell multiple.
Volatility to the downside is beginning to roll over and contract as well. In previous cycles, this has been indicativef a bottom after a partial rise with similar variables we see here.
The NVT has also signaled in the same fashion as previos cycle extremities.
While we have no seen an official divergence on the accumulation/distribution diagram like we have in previous cycles just yet, it has began to come up substantially heading toward the downward trend resistance.
There are many other variables outlined in previous charts but id like to take the time to recognize the confluence here as well.
At the same time we have officially diverged trend on the Puell multiple.
Volatility to the downside is beginning to roll over and contract as well. In previous cycles, this has been indicativef a bottom after a partial rise with similar variables we see here.
The NVT has also signaled in the same fashion as previos cycle extremities.
While we have no seen an official divergence on the accumulation/distribution diagram like we have in previous cycles just yet, it has began to come up substantially heading toward the downward trend resistance.
There are many other variables outlined in previous charts but id like to take the time to recognize the confluence here as well.
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