Not my own thought, just an interpretation of Masterluc's interesting post ( twitter.com ) . It may be either A or B, it does not matter much ( for medium term ).
I was bored. Decided to update Masterluc's bubble chart. P.s long from $6.000 - there's no need to be upset, @postmalone released his new album today - have a good Friday!
This idea is based on Masterluc famous chart. My trendlines are a bit different but we can see many correlation in price movements. At the moment we are in a support zone formed by the MA50,the ascending trendline and 461.80% of the huge fibonacci retracement. I drawn just three of the infinite possible move. The bearish one has correlation with the bearish...