4 Reasons why the BTC Bottom could be Close
BTCUSDIn today's video I look at 4 reasons why I think we are close to the bottom:
1. 200 week MA - historically the 200 week MA has indicated the bottom
2. Fibonacci golden pocket retracement - a fib pulled from the very start of bitcoin in July 2010 to the all time high, show a zone for the possible low
3. Weekly RSI - historically we have never gone below a certain level and we are nearing that level
4. CME Gaps waiting to be filled - there is a gap that is about to be filled
These four factors are aligning very well with weekly and daily support levels that BTC is nearing.
Could this be the bottom or close to it?
Have a look at the video and let me know in the comments what you think.
Not financial advice. DYOR. Papertrade before using real money.
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Safe trading.
Shawn
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