BTC Macro Expectations for Q1 2020
- Price continues to follow descending channel
- Sweep of 7.8-8.1ks and fakeout break out of channel likely
- Bottom between 6150 and 5750, in before March
- Break out of channel by Apr 2020
- Major higher high kicking off bull run by May/June 2020
The thicc white TL is a simple curve that connects the bear markets back to Oct 2011. I fitted the line on Bitstamp data and copied the coordinates to Bitmex.
Those invested in the long term health of Bitcoin shouldn't let it dip much beyond 5750. If so then we're gg for a while. Not healthy to let that happen imo.
- Sweep of 7.8-8.1ks and fakeout break out of channel likely
- Bottom between 6150 and 5750, in before March
- Break out of channel by Apr 2020
- Major higher high kicking off bull run by May/June 2020
The thicc white TL is a simple curve that connects the bear markets back to Oct 2011. I fitted the line on Bitstamp data and copied the coordinates to Bitmex.
Those invested in the long term health of Bitcoin shouldn't let it dip much beyond 5750. If so then we're gg for a while. Not healthy to let that happen imo.
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