Friends, traders,TargetHit, you know I have been long calling for an end to the bear market.
There are many things to consider here, many players with their hands in the honeypot.
So, what can we do? Technical analysis is your friend.
In my last analysis. I called for a massive, violent pump to end the bear market.
Observe. Bitcoin has entered a new era. The .618 golden Fib era! (green line on the chart) Here, we have confirmed the fib channel as support, as well as completed a retrace from the 2017 bull market. We have entered a new Fibonacci time zone, and broken out of the bearish Fibonacci downtrend simultaneously.
Right now, BTC is rejecting the top of the next channel. Maybe things need to cool down.
This is my long term chart. I will update lower time frames soon. This is an exciting time for cryptocurrency.
My previous analysis:
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A better look at the short term
