This system is the best to find bottoms, NEVER WRONG Successfully found the 2018 2019 and 2020 bottom.
Last week we had the price at $19500-$20700, but as the week progressed so did the bollinger band and you can see it has curled to the downside much more than the previous week.
If things continue as they are Bitcoin will bottom between $18440 - $20100, but that could just be a short term bottom because right now this week progressing has added another $1000 to the downside. A major price move upwards needs to happen to avoid this.
But for that to be ruled out we must close above the 20 Week Moving average $46900.
Last week we had the price at $19500-$20700, but as the week progressed so did the bollinger band and you can see it has curled to the downside much more than the previous week.
If things continue as they are Bitcoin will bottom between $18440 - $20100, but that could just be a short term bottom because right now this week progressing has added another $1000 to the downside. A major price move upwards needs to happen to avoid this.
But for that to be ruled out we must close above the 20 Week Moving average $46900.
