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Killa
@KillaXBT
Quantitative trader, 7 years. NFA. For educational purposes only. Not directed to AUS/EU/UK audiences. KillaLabs (Closed):
加入 September 2024
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Well well well... $BTC "So, based on this theory, the next 6 month candle should be green, meaning the move down we're seeing right now could actually be the capitulation candle."
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Observing the 6 month chart, $BTC usually prints 2 red 6 month candles before continuing higher. The current 6 month candle closes in July, 25 days from now. So, based on this theory, the next 6 month candle should be green, meaning the move down we're seeing right now could actually be the capitulation candle. Because we topped earlier in this bull cycle (October), Q4 sellers were front run. If that's the case, it's reasonable to assume Q4 buyers will get front run as well.
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