Here is CCI. It’s reached below threshold. This is to show BTC has had some delayed BULL RUNS which shouldn’t have because CCI has confirmed it’s been ready to move up.
Come and see with me the 3 white squares? Its MA has dipped extremely low. Can anyone explain to me what happens when CCI goes below threshold?
Compare it with my VC at the top. VC sees itself work two ways.
1. When VC is confirmed, dips then BULL RUNS
Or
2. When VC is confirmed, it makes the BULL RUN right away.
I combine this CCI as part of my algorithm, never alone.
Here are the facts: how low is CCI?
Next task, look for the most recent VC. When you find it, ask yourself two questions;
1. after VC appeared, has the trend already dipped?
2. Is there a BULL RUN soon?
You’ll get your answer through my historical volatility analysis.
I’ve added a red contraction red trendline. This means candles will move up to the value line
71k target it’s just a rough estimate. Remember my target is above 85k. While on its way to next first target to 71k, this doesn’t mean trend won’t have dips.
Always expect sudden dips while making its way up. Remember, trading is full of surprises and it’s mainly controlled by WHALES which indeed has recently disappointed many.