arcone

Is what we need a capitulation?

Short
arcone Updated   
INDEX:BTCUSD   Bitcoin
When we look at the bigger picture, the best thing for the next bull run may be that we get a capitulation first, hit the 200 weekly sma and a rsi of below 30.
Comment:
In May we had a "Sell in may and go away". It looks like we still need a capitulation before we get into the next bull run

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.