Home » Trader Who Called 2018 Bitcoin Crash Unveils Ultimate BTC Bottom, Predicts Most Traders Will Be Caught off Guard

Trader Who Called 2018 Bitcoin Crash Unveils Ultimate BTC Bottom, Predicts Most Traders Will Be Caught off Guard

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Crypto traders who correctly called bitcoin (Bitcoin) The 2018 collapse reveals what he considers to be the absolute bottom of King Crypt.

In a new strategy session, veteran trader Tone Vays told his 123,000 YouTube subscribers that when Bitcoin hits a new low of $15,546 in 2022, it’s very likely that the bear market has hit a bottom. He says he thinks it is expensive.

“We still think we are in the process of bottoming out and this is very likely the ultimate low ($15,546). Because no one thinks it’s the bottom, like 99% of people are sure we’re going to go down, everyone’s pretty sure it’s going to be $11,000 or something, so it’s not going to go down I think.”

In addition to gauging overall market sentiment, Vays said one of his favorite indicators points to a potential reversal in Bitcoin.

Traders say the Chaikin Money Flow (CMF), an indicator that tracks whether market participants are accumulating wealth, shows a bullish divergence.

“This is one of the best charts I’ve seen in a while. Crashed on a weekly basis, but look at the amazing CMF divergence. So this is, under the hood, things really I really like watching CMF divergence, it’s one of my favorite indicators for identifying potential reversals…

I like the fact that the CMF is almost green even though the price is still completely busted. ”

Source: Tone Vays/YouTube

At the time of writing, Bitcoin is trading at $16,729, up 2.38% for the day.


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Featured Image: Shutterstock/tanatpon13p/Chuenmanuse

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