This looks a lot like the 3rd of January... (Will post a screenshot below) Opening a cautious long here.
Keep it simple. Here is the POC for the Bitcoin chart based on all available data since Aug 2016! What does this mean? The POC shows us the price, at which MOST Bitcoin has traded... Coincidence that this is where the price has been supported? Secondary bottom is in... I called the last bottom in the chart link below. I'm calling this as the next bottom.
after the announcement the bullish sentiment has been growing clean in strength and is catching momentum whilst the bears remain absent. This is prospecting a possible reversal for the weekly chart and a rally up to 3,50 short term.
Zoom Out... My view on the big picture after calling the bottom. See my previous long-term chart: Called it at $3,400, just a couple of hundred shy of the bottom! My expectation is we either rally from here, we have more sideways action for a few more weeks, or we potentially touch closer to a 40% retracement at around $8,50~... I do not see us breaking $8,400
Things are much simpler when you zoom out a little...
As described in both my mid term and long term analysis, I believe we're going up. From a short term perspective, I believe we'll bounce off the bottom of the pitchfork. With the RSI holding with plenty of upside, an impending cross of my Moving Averages and finally entering a TTM Squeeze, we're looking for a move up to $4,400 (at...
As described in my Long Term Analysis, I believe the market bottom is in... We're now due for some sideways movement through the 4k - 6k range until late 2019 I believe given the oversold conditions we're in, we're due to break out to around the 5.5k level, before retracing back. Blue arrows highlighting long term fib's (see long term analysis...
Long term analysis suggests that we could have seen a bottom. Bottoming candle on the December 2018 monthly, converging at .128 Fib and the .618 pitchfork from the end of the 2014 bear market. RSI is down at levels we haven't seen since early 2015, and currently ticking up, from a move which almost touched the same point as the previous bear market ending...