🔥 Bitcoin Slow Stochastic Signaling Start Of New Bull Run
Updated
In order to construct the slow stochastic I changed the parameters to 100/10/5, this creates a slower stochastic which is better suited to detect long-term shifts in trends.
In all of Bitcoin's history, this slow stochastic has crossed the 30-line from below only 4 times. The previous 3 times all signaled the start of a new bull-run.
Three weeks ago, we had another cross from below. Seeing that the market often rhymes, I'd like to think that the bottom is in and that we're likely to go up from here.
Naturally, it's possible to see deviations (like the 2020 Covid dump), but I deem it highly likely that the bottom is in and that as new bull-run has started.
Share your thoughts🙏
In all of Bitcoin's history, this slow stochastic has crossed the 30-line from below only 4 times. The previous 3 times all signaled the start of a new bull-run.
Three weeks ago, we had another cross from below. Seeing that the market often rhymes, I'd like to think that the bottom is in and that we're likely to go up from here.
Naturally, it's possible to see deviations (like the 2020 Covid dump), but I deem it highly likely that the bottom is in and that as new bull-run has started.
Share your thoughts🙏
Note
30-line = 20-line
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