Judging by history, the Crypto total marketcap has been using the 20 week MA (Yellow line) as a strong resistance and support.
I feel it will be a clear indication the bear market is over when we can break above this moving average.
The RSI double bottomed around 30 in the last bear market before it changed trends. I am looking for something similar before this trend reverses.
Best estimate, this double bottom should happen around late March, early April.
- The Wiz
I feel it will be a clear indication the bear market is over when we can break above this moving average.
The RSI double bottomed around 30 in the last bear market before it changed trends. I am looking for something similar before this trend reverses.
Best estimate, this double bottom should happen around late March, early April.
- The Wiz
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.