We now have a triple buy signal.
The last time we had a triple buy signal Bitcoin rallied all the way to the relative strength(purple line) target.
Which currently sits at $76,000.
This is also the sharpest and steepest spike in relative strength I have ever seen on this chart.
Its very likely developed from the 270,000 $BTC that was allocated by old and new whales at $59,000.
Every time I have seen this kind of move, Bitcoin has followed.
I think irrespective of whether or not the total bottom is in, the time to be heavily bearish has passed.
Lets now see if this chart calls the Bitcoin move for teh 3rd time in a row.
The last time we had a triple buy signal Bitcoin rallied all the way to the relative strength(purple line) target.
Which currently sits at $76,000.
This is also the sharpest and steepest spike in relative strength I have ever seen on this chart.
Its very likely developed from the 270,000 $BTC that was allocated by old and new whales at $59,000.
Every time I have seen this kind of move, Bitcoin has followed.
I think irrespective of whether or not the total bottom is in, the time to be heavily bearish has passed.
Lets now see if this chart calls the Bitcoin move for teh 3rd time in a row.