Bitcoin had an interesting signal flash yesterday.

Over the course of this bull market, it's flashed 12 other times and this is the 13th.

Specifically, the 30-day Williams%R indicator made a full oscillation from overbought (upper-bound) to oversold (lower-bound).

In every single case, Bitcoin proceeded to fall in the days/weeks after this indicator flashed; however, it provided solid accumulation signals for patient investors who were willing to endure some short-term volatility and pain.

This is NOT a bottom indicator.

It only was close to marking the exact lows in 5 of 12 cases, which means that it is unlikely that the current signal is marking a bottom.

Instead, it IS a bottoming process indicator.

Good luck and embrace nuance.

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