My trade is set and nothing has happened since I set it yesterday. See here for details. https://peakd.com/bitcoin/@theranga/bitcoin-charts-rjkb1t
I am trading Bitcoin as if the bottom is already in as this is what I believe. To show why I believe that there is a high probability that bottom is in, I will share some charts.
- This is BTC 1w chart. At the bottom I am using an RSI with an SMA. You can see that every time the RSI breaks bellow 30 it marks the bottom. stepping above the SMA is the confirmation.
- Next is the PI Cycle indicator. This is very popular as it has marked the exact bottom for two previous cycles.
- Finally, this is the Bollinger Bands. When we set the chart 1 month and turn on logarithmic, something interesting happens. Have a good look for your self and tell me what you think.
No one knows when the bottom is in. There is 3 indicators that "indicate" that the bottom is already in.