This is why I believe we have bottomed...

Recently I came across this indicatror. the Quadruple EMA Ribbon on the weekly, I made 2 sets of 4 that go from 20 to 55 with an offset between each other of 5, coloured it and this beautiful ribbon came out...
As you can see I connected horizontally the bottom to the opposite point which I will explain why now...

Here I indicated the point where the chart actually touched the EMA ribbon and classified that zone as a growing phase for bitcoin and then from the point the chart stopped touching the ribbon as the actual bubble we all saw last year...

and so by horizontally extending the last point of connection all the way through the chart we can see that it coincides perfectly with the bottom of around 3100...
In other words the bubble correction is over and now we are actually continuing the organic growth that we left back in Q4 2017...

Also if we look at the previous cycle in 2015 we see that the bottom was at 153 almost coincided with the ribbon with only a difference of around 30$...

This could also be taken in consideration as a future signal indicator for the next bubble and next bottom...certainly something I will look at when the time comes and if it is proven to be correct...

IF...this is true then also all the shorts under 3000 will be eventually rekt...