Weekly Macro Bottom Struck
According to the weekly CMF, we've hit a bottom or very close to bottom on large scale.
Also, note the weekly candles. There have been only a few times in history with 5 consecutive weekly down/red candles. No time in history have we had 6 consecutive, so we at least have those stats on our side for next week.
Also, note the weekly candles. There have been only a few times in history with 5 consecutive weekly down/red candles. No time in history have we had 6 consecutive, so we at least have those stats on our side for next week.
Note
The 10day may have been a better catch since the levels were nearly identical for all 3 cycles when the price bottomed. Don't confuse the fact that CMF sometimes continues downward even if price goes up.Unless traditional markets plunge, this would be my first big buy. The next level to look for is around 25-27k. Then at 20k, I'd be fully invested.
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