Jasonborntodie

Long term BTC bottoming cycle

INDEX:BTCUSD   比特幣
Stop me if you heard this one before!

Long term bitcoin chart-gives me the impression that we are in a bottoming formation here. Time wise it fits given the 4 year past cycles we have been seeing so far.

I like the Demarker osc divergence we've got forming here in this area. Also like that the "mining capitulation indi" has signalled a couple of weeks back on the last leg lower. Could mean that the end of this year's down cycle is on t way out.

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