BTC bottoms when the weekly RSI is this low. In addition, when the price reaches the 200 weekly moving average. Inexperienced traders/hodlers sold with the peak fear earlier today and experienced hodlers think it will go lower. Many people will miss the boat. It will not be a V-shaped recovery due to Fed policy but my estimate is a fairly stable recovery / uptrend...
GRT golden cross within the next few days. Network is growing at a pretty good rate. Been long and staying long.
it is my opinion we have bottomed in GRT. You can Long it Here for a short term trade. Personally, I hold an enormous stack for the longer term and delegate to the network and have recently bought some once again at about $0.51 after buying at $0.35 when it first started trading and selling all of it at $1.94 a few months back. Lets Go!!
IMO this likely the bottom. However, the descending wedge shown is only on the hourly so it is not as significant as if it was on a longer time frame. The next major resistance is the other green line above the wedge forming resistance in the downtrend. If we break that, I will be confident this is the real bottom and we will break to new highs within a few weeks....
Would long it but I'm longing LTCUSD instead as BTC carries the market.
Fundamental analysis: PayPal
We've seen this type of move before. see chart