BTC WEEKLY BARS:
- This signal, you see in the chart above, precisely called Bitcoin top in 2022 (see “SELL SIGNAL” in the indicator) and the bottom in 2023 (see “BUY SIGNAL” in the indicator).
- The signal, also, precisely called top in late 2025 (see “SELL SIGNAL” in the indicator).
- This entire year, I’ve been paying attention to this signal developing as it might be a similar signal as to when it bottomed in early 2023.
- As you’ve nocticed, in the price-action in early 2023, before it took off, there was a ‘grind phase’ where the price seemingly just move sideways not doing much.
- I think that is what has been going on in the last few months—just grinding and chopping sideways–waiting–before it finds traction to the upside.
- This signal will result in as a ‘fail’ if the indicator/oscillator fully crosses back down; until then, I am assuming that the signal is good and the Bitcoin market is preparing for a major reversal.
