Three trend lines which are parallel by color. If we will go up and above the green line it will be a very strong signal of reversal and new long term up trend.
There is a very obvious pattern which has been marked by green, red trend line and 1,2,3,4 numbers. On weekly price chart (has less noise) is much easier to spot it. Please take zoom and have a better view for compare. The new up trend might appear even in late december. By that time there might be horizontal trend. We have 160 days to test whatever the blue long...
Weekly chart gives us a better look on the long term price prediction. It's been 6 weeks since BTC has support. All bad news probably has been discounted. The horizontal trend can maintain for next few weeks and after that up trend.
