RE: The creator of Bollinger Bands says Bitcoin just bottomed

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The creator of Bollinger Bands says Bitcoin just bottomed

in bitcoin •  4 years ago  (edited)

A lot of volume on the bounce looks promising (for your bottom call), but a "dead cat bounce" isn't out of play just yet. I'm not even a little bit confident calling this as a LIKELY bottom until BTC is trading back above $36K. But that's a "likely bottom" looking out a month or two.

Looking out more than a year, I'm not confident until this breaks and holds above the upper trading range for the last month + (above $42K), holding that level for at least a week.

But, then again, who am I and why should my opinion matter any more than any other Joe?

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