Long term BTC chart: when resistance becomes support

This time a very simple chart, on the day timeframe. After the top of the 2017 bull run was broken at a price level of 20,000, we can clearly see that the next bull run has been kicked off. In my view a clear scenario of resistance becomes support. I therefore expect that the bottom for this bear market has been reached and I personally buy my long term bags here.

Comment:

I posted this chart a little over a year ago. As you can see, the idea turned out well and the buying points of a year ago were absolute bottom points. I expect an emerging bull run next year, I will post a new chart about this soon!