I happened to stumble across my old long term log chart of BTC today and it couldn't have come at a better time, just when there's blood on the streets and it feels as though all is lost, this chart shows that things could be far from over and we may be approaching one of those one in a lifetime buying opportunities.
Whenever BTC touches the lower channel, sometimes even dipping below, a strong bull run has historically followed within a month or two.
We can see this has happened on 3 previous occasions, so hopefully BTC will make this a fourth time round.
This also corroborates with some rather neat signals I've seen posted by @aurelienohayon on Twitter and here.
If we zoom in, you'll notice that we're in a descending wedge. i think this may continue a while longer, potentially down to 20k.
Whenever BTC touches the lower channel, sometimes even dipping below, a strong bull run has historically followed within a month or two.
We can see this has happened on 3 previous occasions, so hopefully BTC will make this a fourth time round.
This also corroborates with some rather neat signals I've seen posted by @aurelienohayon on Twitter and here.
If we zoom in, you'll notice that we're in a descending wedge. i think this may continue a while longer, potentially down to 20k.