Don't you just hate it when Tradingview chop half your chart out. Here you'll have a clearer view of what i'm trying to portray in the previously posted Bitcoin chart.
Presuming we re-test the capitulation wick like many times previous, we would then in sync re-test the year long trendline. I've taken 2 fractals from the previous 2 upward climbs and set them at Bitcoins last line of defense around $40k.
Presuming we re-test the capitulation wick like many times previous, we would then in sync re-test the year long trendline. I've taken 2 fractals from the previous 2 upward climbs and set them at Bitcoins last line of defense around $40k.
Comment:
Personally cannot see a higher high if this plays out until at least April2020. If we go up from this point ($48.5k) Feb is a possibility.