And its a big one. This is the Ultimate Oscillator. It measures price momentum across the 7, 14, and 28 day periods. It is a more reliable aggregation than just viewing singular periods. We can see here that the Ultimate Oscillator has reached the same record low as the bottom in 2015. The oscillator is now lower than every other bottom in every bear market. And its happened after only 5 months and 50% down. It doesn't mean massively up straight away... but what it does show us is thatm just like every other cycle at this point... Other than a sweeping lower wick, the low is likely in.
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Another record low here on Bitcoin.
And its a big one.
This is the Ultimate Oscillator.
It measures price momentum across the 7, 14, and 28 day periods. It is a more reliable aggregation than just viewing singular periods.
We can see here that the Ultimate Oscillator has reached the same record low as the bottom in 2015.
The oscillator is now lower than every other bottom in every bear market.
And its happened after only 5 months and 50% down.
It doesn't mean massively up straight away... but what it does show us is thatm just like every other cycle at this point...
Other than a sweeping lower wick, the low is likely in.