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.
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