A kind reminder for the Bitcoin update where I was looking for a pop to the upside above the trendline and to 4.9 (or in this area) so that the market can wrongfoot a lot of people thinking the bear market is over before a HUGE move down:
The Charts:
The video update:
Now there is a lot of euphoria and all youtubers will come out declaring the bear market is over. But I don't really think so.
The action right now is similar to the one back in November 2014 with a massive pop above previous highs and then a slow decline below support and eventual halving of the price, in todays terms this will translate to 1500$-1750$ area.
We might get a few more days of buying because of all the euphoria so it is important to wait for confirmation.
The Charts:
The video update:
Now there is a lot of euphoria and all youtubers will come out declaring the bear market is over. But I don't really think so.
The action right now is similar to the one back in November 2014 with a massive pop above previous highs and then a slow decline below support and eventual halving of the price, in todays terms this will translate to 1500$-1750$ area.
We might get a few more days of buying because of all the euphoria so it is important to wait for confirmation.
