Free Fall Over, Ride the Roller Coaster Until Winter
I think the free fall is over and we are now going to be riding a roller coaster until Winter 2019.
As we look at the charts and compare we see many similarities and various price levels reached.
GOOD Indicators of Repeating History
Differences Compared to the Past
When Do You LONG for Life?
The time is near. Things you should be watching for are a double bottom in the $3000-$3300 Green Box or waiting for a breach of the Top Trend Line (Solid Orange) and a subsequent restest of the topside of it. This would be your final indication we are ready for UP.
By Winter 2019 you should be full of coin and feeling the HODL love.
As we look at the charts and compare we see many similarities and various price levels reached.
GOOD Indicators of Repeating History
- 55 and 200 Day SMA crossing over to the downside
- $6650 is the high Support and Resistance line (Red Box)
- $3800 is the low Support and Resistance line (Dashed Yellow)
- Double Bottom Area (-85% from ATH) has been hit once (Green Box)
- $3800 level has also met the -80% level from 2015 and has continued to be a good Support level
Differences Compared to the Past
- The Bottom Trendlines (Dashed Cyan) are drawn from the previous low point before taking off to the upside.
In 2015 we literally bounced off of the 2013 Bottom Trendline before launch, but in contrast at the end of 2018 we fell through a similar Bottom Trend Line - The Top Trend Line (Solid Orange) has only recently been touched, possibly even remain broken in the next few days, however we have not previously made any failed attempts at it like March 2015. Which makes me want to watch this most recent price action to see if it does not continue further.
When Do You LONG for Life?
The time is near. Things you should be watching for are a double bottom in the $3000-$3300 Green Box or waiting for a breach of the Top Trend Line (Solid Orange) and a subsequent restest of the topside of it. This would be your final indication we are ready for UP.
By Winter 2019 you should be full of coin and feeling the HODL love.
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