Measured move down takes us right to the log trend retest and strong support in the 7.3 to 7.4 area. Looking for a bounce here
After days of le miserables sideways, BTC has been moving in a very tight range and looks primed for a big move one way or the other. It's important to realize that price has finally settled in an area with some actual history and support, making any bearish continuation likely to be much slower and grindier than the initial fall from 20 to 6k. Technicals remain...
This chart is just too perfect. The time-adjusted overlay of the 2014 crash with the current bear trend matches spot on. If it continues to play out it suggests a rally to ~12k before making new lows and eventually a nice round bottom before starting the next big bull run in 2019. Going to keep following this and will post updates. Happy trading!
Trend thats been strictly followed for over a year seems to breaking today