BITCOIN CAPITULATION SIMILARITY | ONE MORE PUSH DOWN

22 Mar 2020

Bitcoin, during the recent capitulation has shown similarity with the last capitulation from 6000>3200.

• 2-3 week initial capitulation
  
• Followed by a "bullish" weekly spinning top
  
• Followed by a final push down lower in the following weeks
  

Last time this occurred, Bitcoin bottomed out and entered the accumulation phase in the following months.
This may mean that a bottom may be in the works and to be expected in the following months.

22 Mar 2020

Not

S/R Inversion