I am starting to see several things pointing towards a bottom around September 2020 around $1900.
1: Weekly falling wedge that should conclude around September
2: 1.61 extension from 2019 Top (June) to 2019 Bottom (Dec) points to $1907
3: Horizontal support from July 2017 at $1900
4: I have the S&P charted to bottom right around the same time frame as well.
Trading underneath the weekly 100 SMA (Simple Moving Average) is also looking very bearish as well.
I will be watching for Bitcoin to break out of this falling wedge pattern. If it does break out to the upside then we will likely rise for a few weeks and then back test the trend line from top side. I would not consider a break out to be off to the races quite yet. Especially since I am also charting the S&P 500 to be bottoming around the same time frame.
I will be watching for a long term entry position for accumulating Bitcoin around $1900, and judging from this chart, I believe that will be near September of 2020.
1: Weekly falling wedge that should conclude around September
2: 1.61 extension from 2019 Top (June) to 2019 Bottom (Dec) points to $1907
3: Horizontal support from July 2017 at $1900
4: I have the S&P charted to bottom right around the same time frame as well.
Trading underneath the weekly 100 SMA (Simple Moving Average) is also looking very bearish as well.
I will be watching for Bitcoin to break out of this falling wedge pattern. If it does break out to the upside then we will likely rise for a few weeks and then back test the trend line from top side. I would not consider a break out to be off to the races quite yet. Especially since I am also charting the S&P 500 to be bottoming around the same time frame.
I will be watching for a long term entry position for accumulating Bitcoin around $1900, and judging from this chart, I believe that will be near September of 2020.
Note
The comments have helped me realize that I my chart may be misleading as to what I think is going to play out. As an update, this is a little closer to how I think this will go. 
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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.