I have been identifying trends using my newly coded indicator, “Time Series Long vs Short Volume (TSLSV) beta.”
The first three vertical lines are located at the lowest point of previous market dips.
The location of the last vertical line is what I am observing.
It does have a correlation to the last three previous dips in that the short volume is higher than the long, AND both are increasing at the same time.
This is not an occurrence that can be observed at any other point in time which indicates that it has uniquely identified the bottom of bitcoin 12.30% dips in the past.
Because of the absolute dominance that bitcoin 12.30% has in the cryptocurrency market, it is likely that a bottom in bitcoin 12.30% would translate to the bottom for other crypto coins.
Hopefully, this will trend will continue.
Happy Trading
