#Bitcoin / $BTC
This is your last reminder that every single time BTC has broken out of a major HTF bearish resistance vs. NDX it's had a face melting rally follow.
I have a hard time believing this time is going to be any different.
Is the bottom in ?
If history is any indication, bear markets end when negative 3d 21EMA crosses positive MA200 with a ≈50% sell-off to the 38.2% fib.
While when negative 3d MA100 crosses positive 3d MA200 bottom is already in. $BTC
Structural consistency in year+ #BTC corrective waves:
- Bounce at 50W EMA after impulse top
- Break below 50W after corrective move up
- Consolidation near 100W then leg down, which ended at -0.618 from impulse high to 50W bounce.
- All while volume declining/leveling
1/2