Bitcoin 2018 vs 2022:
In this chart, you can clearly see how Bitcoin fell almost 40% on every sell signal on MACD.
As you can see on the left, 2018 had 3 signals from ATH, 2 Sells and 1 Buy.
Something similar has happened now with Bitcoin.
3 Signals, 2 Sells and 1 Buy.
I am expecting another 40% drop in the price and will call that bottom of the cycle.
Let's see how it executes in upcoming weeks.
In this chart, you can clearly see how Bitcoin fell almost 40% on every sell signal on MACD.
As you can see on the left, 2018 had 3 signals from ATH, 2 Sells and 1 Buy.
Something similar has happened now with Bitcoin.
3 Signals, 2 Sells and 1 Buy.
I am expecting another 40% drop in the price and will call that bottom of the cycle.
Let's see how it executes in upcoming weeks.
