UnknownUnicorn5920815

Possible MA retest?

Long
BITSTAMP:BTCUSD   Bitcoin
If we break down it could be interesting to watch for the behavior of the bounce. If we can decisively push above the 2013-2017 accumulation channel lines after (green/yellow) there can be a lot of juice left in the bullmarket. We have had no big drops yet, and it would be very due to reset sentiment. A period with consistent red days with a very sharp red candle to end it off is probably the most bullish kind of drop, as a way to create enough volatility to break upwards through the major resistances.
Comment:
Another idea, extreme futures gap scenario: fill the weekly gap at 24000, with a short squeeze after that fills all the gaps above and takes us to 70-80k.
Comment:
In case we drop, I will take note of possible gaps on the way down. Granted that we go down that is. Who knows, could be up only.
Comment:
However, if the DXY has to retest the 95 level, wick above and get rejected, this could be a possible scenario. Keeping an open mind for both flying higher og diving before a rebirth.
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