PawelS

PawelS

Comparision to the previous cycle looks quite bullish.

PawelS

As you can see there is clearly identifiable support and resistance. Looks like we break up soon.

PawelS

Seems as interesting fractal that might repeat itself.

PawelS

After sars-cov-2 previous long term trend line is intact again. Will it play out like this in the current cycle?

PawelS

Looks to me like an ascending triangle in an ascending channel. Probably it breaks up.

PawelS

Just check out the similarities.

PawelS

A breakup from downtrend every cycle resulted in significant bull-run: 10k%, 5k%. Will we get now 2.5k%?

PawelS

If daily closes above 250 we might have a nice start of a bull run :)

PawelS

Is it an ascending triangle with 12800 target?

PawelS

Bullish divergence on RSI 4h.

PawelS Updated 

The overall outlook is bullish. Question is which path will it go? Will there be the pre-halving pump?

PawelS

If the history repeats itself it might have been the last dump before the pre halving pump which might take us to at least 13k USD per BTC.

PawelS Updated 

Is it going to be an inversed Head and Shoulders formation?

PawelS

If we follow the multi-year trend line (green) we can see it was breached twice recently. If we continue touching it from the downside, we might get to previous ATH (20kUSD) end of this year (2019). People could sell some due to taxes reason end of this year. In such a scenario handle could be formed. When the handle finally breaks up over ATH we might experience...

PawelS Updated 

If we follow the channel.

PawelS

I wouldn't be surprised if we now get a drop to 9k or even to 6k (comparision to exactly the same amount of time before halving in 2012).

PawelS Updated 

Reversed Head and Shoulders and Rising Triangle - just a possibility.

PawelS

If parabolic move continues like this would be an interesting scenario to play out.