This is what the
$BTC cycle bottom will look like and why we are likely going to see >$350,000 next cycle.
What I am looking for on the WEEKLY TIMEFRAME:
>Volume Waves Curving Up
Meaning the fast wave crossing into the smooth wave, showing the peak has been reached.
>Momentum Curving Up
Meaning the momentum is shifting from negative to positive. The move down will be exhausted.
>RSI Div. Green Dot (Optional)
This has been marking tops and bottoms historically, no reason to believe it won't IF it appears.
Now why do I think we will likely see $350,000 next cycle:
The equation:
(1876.46 34.84 18.80 93.60 389.62)/5 = 482.664%
*Sum of each move up in % divided by the number of iterations
>If we take every move from these signals and average each impulse up that came after, we get 482.66% average increase.
>Assuming $60K was the bear bottom, a 482.66% increase from the very bottom would mean we would reach at least $351,746 in the next Bull Market.
Now this number is subject to change if we get a lower low on the weekly timeframe, but now you know what to look for.
This is the difference between guessing and having a plan. I don't guess. I bet on what's most likely going to happen based on HARD DATA. Not feelings.
Now you know what to look for.
Happy trading to all.