Bitcoin In a Capitulation?
Jun 16, 2022
Are We In A Capitulation?
Capitulation
- "Dramatic Surge of selling Pressure in a Declining Market" (Mass Surrender By Investors)
Signals a Major Turning Point In Price Action! This Indicator is called "Shoot - Star Candle" -Reverse: To Close Near Opening Level often forms at the end of a Buying Spree, Indicating A Top is In Place
Build A More Reliable Trend Line
3 Rules:
- 3 Points of Contact To Verify Trend Line
- Trend Line is 30 - 45 Degrees
- Stay Disciplined, (Enter Premiant Stop Loss)
If Bitcoin is in a Capitulation can we manage to find a bottom and move to 250k BTC?
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