Major Bottom signal flashed for BTCUSD on LIVIDITIUM

Updated

Waiting for "BUY!" signal to flash on the daily LVDT.BTC indicator to start reaccumulating more significantly.
Will update this space as the BTC:USD chart evolves.

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To note: BTC bottoming (likely very briefly if this happens) at as low as 13~10k USD is a possibility, i.e. ca. the base of the evolving channel -- which would retest the range that was topped at around 7thJul19.

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You can scroll back to have a look at which levels along the LVDT channel did the price of BTC absolutely bottomed during previous cycles here.

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I am going to conservatively DCA back into BTC a little if the daily candle closes above the horizontal red dashed line:

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Ascending triangle consolidation.

Will consider re-entering significantly back into BTC if it pierces through the yellow zone, and holds close to ~21875 USD.. (4hrly Chart with LVDT channel and indicators set show).

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Daily Chart:
Also BTC have already broken up above the sym triangle.

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Failed to find support and bounce off sym triangle.
Double top "m-pattern" forming, rejected by ca. 21875 USD red dashed lie, waiting for potential breakdown.

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Bullish if BTC is able to break above 21875 USD and hold, with measured target at ca. 25k USD:

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Multiple Major Bottoming signals had already flashed:

However, need to wait for the LVDT to start sloping upwards again, and ideally, the large "BUY!" signal to finally trigger as well for confirmation. High probability for BTC to rebound on the shorter term (in the next 1-2mths).

cybernetwork

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