The Wave Trend not only helps identify market bottoms but also aids in spotting market peaks. This phenomenon, observed in past Bitcoin cycles, indicates significant buying opportunities, as seen when Bitcoin dipped to around $23,000. This insight offers a strategic view of market lows, reinforcing the tool’s predictive power.įurther, the concept of a “double dip” is introduced, marked by yellow boxes on the chart. Steve highlights the green channel within the Wave Trend, a critical zone historically associated with bear market bottoms in 2011, 2015, 2019, and 2022. The Wave Trend indicator, a tool used to decipher market movements, is thoroughly explained, including its settings and significance. Titled “Wave Trend Rejection – This Happens Next,” the video delves into the critical moment that Bitcoin is currently facing, questioning whether it will break through the current barriers or face a stark rejection.Ī key focus of the video is the detailed analysis of the Bitcoin weekly chart against the US dollar. Known YouTuber Steve Courtney has released a new video talking about the enigmatic Bitcoin trend known as the “Wave Trend”. Join Our Telegram channel to stay up to date on breaking news coverage
