Launch preparation ? Close to break 6months log downtrend
We already broke the 6 months resistance on linear chart, and we are really close to see if log. one is to be broken or not.
So here is my all-time chart, where log. scale is to be used.
I tried to look how the pre-bubble periods materialized on previous bubbles.
You'll find in green the differents bubbles - timings ATH to next ATH.
In red I display the main resistances in those bubbles : look how SMMA/EMA crossing thoses
main downtrend lines used to announce the rocket launch.
If we broke the log resistance I expect a new ATH before next September.
On fundamentals : China's situation is settled, India now being able to get into bitcoin, US new full compliant exchanges on the way (supposed to open during this summer), also more and more ATM in big cities.
It's pretty hard to know where this possible new ATH will stop but using previous patterns
plus the alltime up/down trendlines (displayed in yellow) I would say 2500-6000 is a valid range.
So here is my all-time chart, where log. scale is to be used.
I tried to look how the pre-bubble periods materialized on previous bubbles.
You'll find in green the differents bubbles - timings ATH to next ATH.
In red I display the main resistances in those bubbles : look how SMMA/EMA crossing thoses
main downtrend lines used to announce the rocket launch.
If we broke the log resistance I expect a new ATH before next September.
On fundamentals : China's situation is settled, India now being able to get into bitcoin, US new full compliant exchanges on the way (supposed to open during this summer), also more and more ATM in big cities.
It's pretty hard to know where this possible new ATH will stop but using previous patterns
plus the alltime up/down trendlines (displayed in yellow) I would say 2500-6000 is a valid range.
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