Tomáš Hančar2023-01-14

Puell Multiple technical downtrend looks to be decisively broken - this could be THE reversal everybody's been waiting for

This is an update on my early November QuickTake, where I was showing that the Puell Multiple downtrend is about to be broken - and here we are - at this point the Puell Multiple has completed a "confirmation" of its buying signal, that is breaking its downtrend following a completion of the actual buy signal (indicator entering the "buyzone" level of under 0.4, staying below/around, then returning back above decisively) This has pretty much occurred each and every major and cyclical Bitcoin bottoms and I am led to believe this time it's not going to be different. I think there is a VERY high degree of probability that the bear market is over, absent some very bad black swan event, I am currently not seeing how would we be seeing lower prices. We've been given generous time to accumulate and it looks like that dips are for buying now again. That said, I'd like to remind everybody of the fact that risk management is king, that applies under any and all circuumstances, but ESPECIALLY if you're using leverage for trading. Don't FOMO, make sure you have a plan and that you stick to it and execute with discipline. Good luck, good huntin' & godspeed! :)