The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Trader Who Called 2018 Bitcoin Crash Unveils Ultimate BTC Bottom, Predicts Most Traders Will Be Caught off Guard

by Daily Hodl Staff
November 15, 2022
in Bitcoin

The crypto trader who correctly called Bitcoin’s (BTC) collapse in 2018 is unveiling what he thinks is the king crypto’s absolute bottom.

In a new strategy session, veteran trader Tone Vays tells his 123,000 YouTube subscribers that he believes Bitcoin has “very likely” established a bear market bottom when it printed a fresh 2022 low of $15,546.

“I still think we have a bottoming process that we’re going through right now, and this is very likely to be the ultimate low ($15,546). The reason it is very likely to be the ultimate low is that nobody thinks it’s the ultimate low. Like 99% of people are convinced we’re going lower, and that’s why I think we’re not going to go lower because everyone is so sure we’re going to $11,000 or something.”

In addition to gauging overall market sentiment, Vays says that one of his favorite indicators is signaling a potential reversal for Bitcoin.

The trader says the Chaikin Money Flow (CMF), an indicator that tracks whether market participants are accumulating an asset, is flashing a bullish divergence.

“Here’s one of the best charts that I’ve seen in a while. Even though we did crash on a weekly scale, look at the amazing CMF divergence. So this is telling me that under the hood, things are actually bullish. I really like seeing CMF divergence. It’s one of my favorite indicators to identify potential reversals…

I love the fact that the CMF is almost green even though the price is still in a complete and utter disaster.”

Source: Tone Vays/YouTube

At time of writing, Bitcoin is changing hands for $16,729, up 2.38% on the day.

I

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/tanatpon13p/Chuenmanuse

Submit a Press Release

Industry Announcements

  • Sui Surpasses $150 Million in TVL, Showcasing Blistering DeFi Momentum
    November 30, 2023
  • Duelbits Announces Landmark Collaboration With Football Icon Luis Suárez
    November 29, 2023
  • BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints
    November 28, 2023
  • Binance Labs and BNB Chain Open New Founder-Focused Track To Incubate 100 Early-Stage Projects
    November 24, 2023
  • Socrates Launches Groundbreaking Social Media and Entertainment Platform for Web 3.0 Users Globally
    November 23, 2023
  • GCEX Receives Operational VASP License From Dubai’s Virtual Assets Regulatory Authority
    November 22, 2023
  • Yubo Ruan – Revolutionizing Web 3.0 With a Web 3.0 Super-App
    November 22, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$38,345.27
$38,345.27
1.17%
Ethereum
$2,086.24
$2,086.24
1.91%
Cardano
$0.379577
$0.379577
0.87%
XRP
$0.608398
$0.608398
0.54%
Dogecoin
$0.083204
$0.083204
1.97%

Spotlight

  • Bitcoin (BTC) Could Explode by Over 400% As ‘Major Risk-On Move’ Looms, According to Glassnode Co-Founders
    November 24, 2023
  • Trader Says Ethereum-Based Altcoin Looking Massively Bullish, Updates Outlook on Polygon, Chainlink and XRP
    November 24, 2023
  • Someone Just Paid $3,140,000 in Bitcoin Fees for a Single BTC Transaction: On-Chain Data
    November 24, 2023
  • Crypto Analyst Says Ethereum Competitor Solana Primed To Surge by at Least 70% – Here’s the Timeline
    November 24, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2023 The Daily Hodl