Based on my weird system it seems like BTC is reaching a bottom.

First I want to say youre welcome to the shorts as I am publishing my first idea and its probably going to drop now that Im bullish. Secondly sorry to the longs for taking interest in btc as I am now going long. BTC seems to never go more than two years ish with out a fat retracement and well here we are. The real question is, when will it find a bottom? I made this indicator to study long time period charts but quickly threw it away because it was predicting btc to have a big dump. Well now we saw the dump and it respected the bottom line and even though its breaking the bottom line, the true bottom of the band is still being respected. I think that we can see BTC reach the center mean assuming the flawed idea of mean regression. I hope that you found this analysis interesting, thank you for listening. Now go out there and do the opposite of me because Im retail.

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woop woop

Comentarios:

It even hit the top. woop woop