We are getting close to confirmation of bottom.
I think we saw a higher low just now. We did not touch the shelf bottom at 150 sat. Certain fractals are at play as well, but I am not at liberty to disclose those.
RSI on the daily is ready to indicate strength again. Compare with the previous chart, calling the beginning of bull.
MACD bullish cross on 21/22 October. This was followed by lower price, but not confirmed with lower RSI or other technicals.
This indicates a reversal, but it is hard to believe in it if your third eye is not open.
Confirmation for me is a bullish bart to 200 sat level, or more. Then it is nothing but bull, most likely leading to a megabull, with one bart bigger than the previous. 250 and 300 will follow rapidly. Then it is clear skies.
Be ever vigilant. Murderous dart to 130 at region could happen, but I bet the other direction. Just a note for those interested in leveraged products. One last shakeout could hurt.
See you in Justinia