The March to Capitulation (see what I did there?)
Found out something intresting, if it happens:
1. Fib Zones -> the month after 13 is capitulation (february).
2. The purple line is the All Time Mean, look at how BTC bounced of it last time ( in 2011 it broke below for 3 months and then consolidated above it), last time capitulation went from yellow to purple like straight.
3. Look at the RSI 14 months and we are at the same level (actually a below last time just a bit).
Disclaimer: I'm not short, already started buying (dipping the toes).
FYI: If you wanna check out any of my indicators they are in the public library.
1. Fib Zones -> the month after 13 is capitulation (february).
2. The purple line is the All Time Mean, look at how BTC bounced of it last time ( in 2011 it broke below for 3 months and then consolidated above it), last time capitulation went from yellow to purple like straight.
3. Look at the RSI 14 months and we are at the same level (actually a below last time just a bit).
Disclaimer: I'm not short, already started buying (dipping the toes).
FYI: If you wanna check out any of my indicators they are in the public library.
Yorum:
Side note: The purple and yellow lines are almost exactly at 10 times the prices of the last time (300 - 170) -> (3000 - 1700)