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Bull Run!!
I am in the process of analyzing the start of every bull run and coming up with "9 signs" that has confirmed every bull run I've seen so far.
The current signs are very positive that we have started the bull run:
1. Double bottom
2. RSI above 40
3. MACD crossed over
4. 4 green candles.
5. Did not break Elliott Wave rules (this is supposedly the end of Wave 2, which bottomed at $7350, which is higher than the start of Wave 1 at $7250, which confirms the start of Wave 3).
6. Double bottom - close enough to $8250 that it forms a double bottom pattern which has a 78% chance of indicating a bull run
etc.
there are other signs as well, but I feel confident this is it. Nothing is 100% though, so put in your stop losses just in case.
The current signs are very positive that we have started the bull run:
1. Double bottom
2. RSI above 40
3. MACD crossed over
4. 4 green candles.
5. Did not break Elliott Wave rules (this is supposedly the end of Wave 2, which bottomed at $7350, which is higher than the start of Wave 1 at $7250, which confirms the start of Wave 3).
6. Double bottom - close enough to $8250 that it forms a double bottom pattern which has a 78% chance of indicating a bull run
etc.
there are other signs as well, but I feel confident this is it. Nothing is 100% though, so put in your stop losses just in case.
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