BTC POTENTIAL BOTTOM?
Let's see the facts.
1. RSI has never been this low before.
2. Lowest RSI was 9 on the daily chart where we saw 2 capitulation candle before a rise up again.
3. The 6 year log trend line has been tapped and stopped the fall.
4. Nov/Dec historically shows BTC the most bullish. 4 out of 5 times (Every year besides 2015 we when were in a 2 year bear market)
5. A lot of mainstream media for adoption
6. Very bullish news (BAKKT, Fidelity, ETF, ETC.)
7. Everyone thinks we're going down further to 3k (bear trap)
ALl I'm saying is that this maybe a potential bottom, if not at least a rise up before we fall again. What do you guys think?
1. RSI has never been this low before.
2. Lowest RSI was 9 on the daily chart where we saw 2 capitulation candle before a rise up again.
3. The 6 year log trend line has been tapped and stopped the fall.
4. Nov/Dec historically shows BTC the most bullish. 4 out of 5 times (Every year besides 2015 we when were in a 2 year bear market)
5. A lot of mainstream media for adoption
6. Very bullish news (BAKKT, Fidelity, ETF, ETC.)
7. Everyone thinks we're going down further to 3k (bear trap)
ALl I'm saying is that this maybe a potential bottom, if not at least a rise up before we fall again. What do you guys think?
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