BitcoinLong
Bitcoin Testing a Bottom?
Bitcoin is testing the bottom of the Keltner Channel which has historically resulted in 35%+ recovery or more.
- Notice every time Bitcoin has tested the bottom of the Keltner Channel (2019-2022)
- Every low has resulted in a parabolic advance upwards
- Bitcoin bottoming slightly past this channel usually signals a bottom/prime buying opportunity
- Bitcoin is being strongly defended at 40K support zone
- Highly unlikely Bitcoin moves below 40K as it would shatter the Keltner Channel, severely damage market sentiment/confidence, trigger MORE downside, and the fear & greed index cannot go much lower
- All indicators are flashing "bottom" signals and the Keltner Channel strategy has been very accurate over the past 5 years or so
Not financial advice. Do your own research. NFA!
Good Luck,
- Mr. Bitcoin Baron
- Notice every time Bitcoin has tested the bottom of the Keltner Channel (2019-2022)
- Every low has resulted in a parabolic advance upwards
- Bitcoin bottoming slightly past this channel usually signals a bottom/prime buying opportunity
- Bitcoin is being strongly defended at 40K support zone
- Highly unlikely Bitcoin moves below 40K as it would shatter the Keltner Channel, severely damage market sentiment/confidence, trigger MORE downside, and the fear & greed index cannot go much lower
- All indicators are flashing "bottom" signals and the Keltner Channel strategy has been very accurate over the past 5 years or so
Not financial advice. Do your own research. NFA!
Good Luck,
- Mr. Bitcoin Baron
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