The ULTIMATE Bitcoin chart
Greeting traders!
This is the ultimate hopium BTC chart.
We are observing a fractal from the previous crash. Current price is approaching very similar price drop and duration as the previous crash.
So the bullish reversal between Dec 2018 and Feb 2019 can be substantiated by:
- fractal of previous reversal, same percentage drop of around 87%, same duration of bearish trend just over 400 days
- RSI approaching critical oversold zone for the first time since the previous bullish reversal in Jan 2015
- lower parallel support of multi-month descending channel formation
- lower parallel support of multi-year pitchfork formation
News of institution grade exchanges launching in Jan 2019 will also help propel price higher.
This is the ultimate hopium BTC chart.
We are observing a fractal from the previous crash. Current price is approaching very similar price drop and duration as the previous crash.
So the bullish reversal between Dec 2018 and Feb 2019 can be substantiated by:
- fractal of previous reversal, same percentage drop of around 87%, same duration of bearish trend just over 400 days
- RSI approaching critical oversold zone for the first time since the previous bullish reversal in Jan 2015
- lower parallel support of multi-month descending channel formation
- lower parallel support of multi-year pitchfork formation
News of institution grade exchanges launching in Jan 2019 will also help propel price higher.
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