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BTCUSD: Long Term Support — I Suspect We'll See Lower Prices

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It's really easy to get caught up in lower timeframe price action, especially when things are looking bullish. I want to play devils advocate here and point out a long term support line (purple) nobody seems to be calling out.

We haven't touched this long term support since May of 2017, and usually do after a parabolic advance is violated. The parabolic advance of the epic bull run of 2017 was violated in December, and we have yet to wick our purple long term support.

Taking a macro view, I suspect we'll see lower lows within a couple months.
ノート
Target clearly reached — New post calling for mid to high 2K bottom:
Bitcoin (BLX) — Regression Curve is a Better Bottom Indicator

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