And we have some differences between right now and at the end of 2021.
You can see at the end of 2021(green arrow) we found our bottom well below the break of uptrend.
After that break, we never got back over that trend line and continued much lower.
This time, however, we bottomed very slightly below the trendline, but have already pushed back over.
Obviously this needs a weekly close to confirm, but regardless, in 2021, we never got back above it in general.
I've also highlighted the only other times(other than the green arrows) that the DSS Stoch went from very overbought to very oversold, over the last 5 years.
Each time we can see it marked a large reversal point in which Bitcoin rallied hard.
It's clear to see this is already a very different setup to 2021...
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Bitcoin is looking pretty good here on the HTF.
And we have some differences between right now and at the end of 2021.
You can see at the end of 2021(green arrow) we found our bottom well below the break of uptrend.
After that break, we never got back over that trend line and continued much lower.
This time, however, we bottomed very slightly below the trendline, but have already pushed back over.
Obviously this needs a weekly close to confirm, but regardless, in 2021, we never got back above it in general.
I've also highlighted the only other times(other than the green arrows) that the DSS Stoch went from very overbought to very oversold, over the last 5 years.
Each time we can see it marked a large reversal point in which Bitcoin rallied hard.
It's clear to see this is already a very different setup to 2021...
In many ways.