BitcoinLong
Bitcoin Bullish Point and Figure trend.
3-31-19:
The bearish 45° trend line from the November collapse below 6,000 was finally broken on Feb 20. A new bullish 45° is in force, and there is enough point and figure columns printed to generate a target of ~9,000 from the 4.5 months of consolidation.
Bulls will need to show a sign of strength by breaking through the 4340 level.
I remain bullish above the 45° trend line. Good Luck!
The bearish 45° trend line from the November collapse below 6,000 was finally broken on Feb 20. A new bullish 45° is in force, and there is enough point and figure columns printed to generate a target of ~9,000 from the 4.5 months of consolidation.
Bulls will need to show a sign of strength by breaking through the 4340 level.
I remain bullish above the 45° trend line. Good Luck!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.