Bitcoin Macro Bottoms Market Update
CMF: Hit
MFI: 3 points from floor
RSI: 2 points from floor
CCI: Hit
Additional updates:
S&P Bollinger Bands 1D: Historically leaving these bands meant we were close to the bottom in BTC.
S&P RSI 12D: Historically hitting ~44 meant we were very close if not at the bottom (currently 47.25).
BTC DVDI 6D: We've started getting red candles on the 4D, so we're getting very close to what has historically been a bottom. I'm watching the 6D DVDI as it seems to capture the absolute bottom candles and nothing above - getting close to crossing.
BTC: In order to hit the RSI floor, price would need to reach further down than 2 points initially, but then the 3 week close would be right about 42. That could mean a wick down to 25k.
No guarantees we see further downside. DCA into the lows and DCA out the highs.
MFI: 3 points from floor
RSI: 2 points from floor
CCI: Hit
Additional updates:
S&P Bollinger Bands 1D: Historically leaving these bands meant we were close to the bottom in BTC.
S&P RSI 12D: Historically hitting ~44 meant we were very close if not at the bottom (currently 47.25).
BTC DVDI 6D: We've started getting red candles on the 4D, so we're getting very close to what has historically been a bottom. I'm watching the 6D DVDI as it seems to capture the absolute bottom candles and nothing above - getting close to crossing.
BTC: In order to hit the RSI floor, price would need to reach further down than 2 points initially, but then the 3 week close would be right about 42. That could mean a wick down to 25k.
No guarantees we see further downside. DCA into the lows and DCA out the highs.
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