We've had the January sale, now its time for another rally!
As described in my last post we are getting very close to the long term logarithmic support line which as you can see has never been broken.
Before the price has gone up in the past it has always touched the long term support line in order to refuel for the next rally, which is likely to be a healthy, smooth and gradual one before we make new highs in the spring.
Bitcoin has done this 3 times before and a solid bounce off of the green line is a good sign to go long :-)
Please look at my last post for a more detailed analysis with fibs
Happy Trading :-)
Before the price has gone up in the past it has always touched the long term support line in order to refuel for the next rally, which is likely to be a healthy, smooth and gradual one before we make new highs in the spring.
Bitcoin has done this 3 times before and a solid bounce off of the green line is a good sign to go long :-)
Please look at my last post for a more detailed analysis with fibs
Happy Trading :-)
