A quick but important update. With today’s plunge in BTC, bringing it ever closer to the $21k distribution area and the $20k 2017 market top, the indicators are nearly at the stretched levels that flashed significant bottoms in the two prior bear markets (2015 & 2019).
As explained yesterday, I have a limit order in at a critical level and will place a 2nd follow-up order should the first order fill. More on this below.
Two charts sum this bottoming process up, both on the weekly timeframe:
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