All of my HULL indicator MAs have this big dip and flip when there is a good reversal.
Elliott thoughts, on the weekly we have closed candles below the 2017 all time high, but not the monthly.
My expectations are that it hits 1 more lower low of around 7.5k to 10k but that's not what this chart is indicating. the 4 year cycle bottom is in. The next 2 months should be rounding the bottom if it follows the same pattern. This chart indicates that this is the lowest low.
Elliott thoughts, on the weekly we have closed candles below the 2017 all time high, but not the monthly.
My expectations are that it hits 1 more lower low of around 7.5k to 10k but that's not what this chart is indicating. the 4 year cycle bottom is in. The next 2 months should be rounding the bottom if it follows the same pattern. This chart indicates that this is the lowest low.
KRJcrypto