I guess I did ok not buying back then...
...or is the bounce imminent?
...or is the bounce imminent?
Looking at long term candles, bounces are always accompanied by big fuckgin strong green candles that counter the big strong red candle....
however....looking at the shorter term candles, what you are looking for at a bottom, is basically an exhaustion of selling pressure....less and less willingness to sell at a price point. Less and less volume.
Likewise, I remember looking at $500 Bitcoin for a good a few hours, before the whales had decided that there was no fuel left, and started selling into the FOMO Bid Walls. In that case, it was exhaustion of buying pressure.