BITCOIN
Updated
I think if we are lucky we see another test of the December 2018 range highs at 134 billion. This may or may not happen no guarantees, just where I would look for a long if we get rejected from the red downtrend line started Feb 15, 2020. We can range in the blue where price currently is and squeeze our way out of the downtrend, or get rejected from the downtrend and target the lows outlined in the chart. Even greater of a mind fuck would be to break out of the downtrend like we did to the white downtrend in 2019 (twice) and have a false breakout to break back down into the downtrend, then form a strong bottom reversal. This would screw over the most people and is probably a more likely path. Let's see what happens. I think this market is going to be the talk of the town end of 2020 into 2021 when crypto goes to the fucking moon.
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the second bottom could be at the 152 billion level, but I would give more weight to $134 billionComment
hate being bullish at the top but we broke my resistance at 207 Billion. I think we can go to 238 billion now.
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