Long term analysis suggests that we could have seen a bottom.
Bottoming candle on the December 2018 monthly, converging at .128 Fib and the .618 pitchfork from the end of the 2014 bear market.
RSI is down at levels we haven't seen since early 2015, and currently ticking up, from a move which almost touched the same point as the previous bear market ending candle.
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From here I expect volatility, movements between 4k - 6k until approx Sept '19 (will provide updates as we go).
We may touch on the bottom again (~$3,400) but I don't think we drop past it...
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Follow me, there's more to come...
love,
eightblackcats
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Telegram
t.me/eightblackcats
Bottoming candle on the December 2018 monthly, converging at .128 Fib and the .618 pitchfork from the end of the 2014 bear market.
RSI is down at levels we haven't seen since early 2015, and currently ticking up, from a move which almost touched the same point as the previous bear market ending candle.
----
From here I expect volatility, movements between 4k - 6k until approx Sept '19 (will provide updates as we go).
We may touch on the bottom again (~$3,400) but I don't think we drop past it...
----
Follow me, there's more to come...
love,
eightblackcats
----
Telegram
t.me/eightblackcats
