All blue boxes in chart consist of two consecuitive Williams Fractal
lows with fractal
highs either side (had the last box been pink then I would have used just the pink boxes in my charts for this study). Took the "ultimate oscillator" and boxed in areas where there was price divergence with the oscillator. It looks like Bitcoin
needs to head below 32.7 on the oscillator to be anywhere near hitting bottom. I used Fibonacci extensions to compare with what happened last ime
. It's a day chart so oscillator won't update till end of day.
Price would need to close above yesterday's open for a review of the above.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.