The lines in pink are from my previous TA that have been left untouched, check for yourself.
And so here we find ourselves at what might be one of the most interesting price points in bitcoins history following the bull run of 2017.
So much is going on in the world right now that anything is possible, however I am still confident that the long downwards wedge trend will be continued with a new bottom of 7.5k being set very, very soon.
The US stock market has yet to feel the full effect of the current economical downturn, and unfortunately we still live in a period where bitcoin is still very much correlated to the stock markets.
But, in time, BTC will prevail and will be amplified ten fold by the enormous amount of dollars that has now entered our economy.
If you are a HODLer, I would be unconcerned by the potential retrace that is about to occur. The sentiment of the market is very much changing in the favor of the bulls with dips about to be bought up in very low time frames.
Buckle up, and enjoy the ride folks.
And so here we find ourselves at what might be one of the most interesting price points in bitcoins history following the bull run of 2017.
So much is going on in the world right now that anything is possible, however I am still confident that the long downwards wedge trend will be continued with a new bottom of 7.5k being set very, very soon.
The US stock market has yet to feel the full effect of the current economical downturn, and unfortunately we still live in a period where bitcoin is still very much correlated to the stock markets.
But, in time, BTC will prevail and will be amplified ten fold by the enormous amount of dollars that has now entered our economy.
If you are a HODLer, I would be unconcerned by the potential retrace that is about to occur. The sentiment of the market is very much changing in the favor of the bulls with dips about to be bought up in very low time frames.
Buckle up, and enjoy the ride folks.
