My view of the Bitcoin chart is that we are in the presence of a bearish continuation descending triangle whose target deducted from its height is sub-$ 7k before the end of the year.
On the long-term scale, we have already benefited from a rebound on December 15, 2018 of surgical accuracy on the MA 200 (moving average), exactly like January 10, 2015 (see my publications from a year ago): for me this chance should not happen again.
I am considering a final bottom at the end of 2019 on the now historic support of $ 6,000, which I think will serve as a basis for a last big bullrun throughout the year 2020, to get a new ATH approaching the 6 digits within a year.
This end of 2019 bearish year is in my opinion the very last opportunity to build a bag of HODL under the current price, and the current descending triangle is particularly interesting to validate this opportunistic perspective.
DISCLAIMER: This is a personal opinion that engages only its author, you are solely responsible for your investments. Invest only what you can afford to lose.
On the long-term scale, we have already benefited from a rebound on December 15, 2018 of surgical accuracy on the MA 200 (moving average), exactly like January 10, 2015 (see my publications from a year ago): for me this chance should not happen again.
I am considering a final bottom at the end of 2019 on the now historic support of $ 6,000, which I think will serve as a basis for a last big bullrun throughout the year 2020, to get a new ATH approaching the 6 digits within a year.
This end of 2019 bearish year is in my opinion the very last opportunity to build a bag of HODL under the current price, and the current descending triangle is particularly interesting to validate this opportunistic perspective.
DISCLAIMER: This is a personal opinion that engages only its author, you are solely responsible for your investments. Invest only what you can afford to lose.
Ghi chú
Pattern invalidated with possibility of a W-bottom flipping, but too few indicators converge on my side, so no trade for this time!
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.