The idea is that people always behave the same way confronted with similar circumstands.
So a look on a log scale for BTCUSD exposes a 85% capitulation after the last All Times Hight (ATH). Assuming that we reached the bottom and people will react like they did before but with bigger volume, it can be expected that the next High needs some time to develop.
Time will show ...
I am interested in any comment. Feel free to ask any question.
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