RED LINE: The Bear Line
The crossing of this line confirmed the breaking of the most important support since BTC's latest surge in 2017 and the continuation of the short-term bear trend.
GREEN LINE: The Bull Line
The crossing of this line will reverse the bear trend and start the next bull run which might either:
a) slowly ("U" shape) lead BTC to a new all time high before the end of 2018 or;
b) quickly ("V" shape) give us another big bounce (that won't cross 15k) still in 2018 before going back down and only reversing into a new ATH in 2019.
PURPLE LINE: The Repulsion Line
This is the line that will not be crossed by BTC again because nobody in their right mind would sell their BTC for that low.
The crossing of this line confirmed the breaking of the most important support since BTC's latest surge in 2017 and the continuation of the short-term bear trend.
GREEN LINE: The Bull Line
The crossing of this line will reverse the bear trend and start the next bull run which might either:
a) slowly ("U" shape) lead BTC to a new all time high before the end of 2018 or;
b) quickly ("V" shape) give us another big bounce (that won't cross 15k) still in 2018 before going back down and only reversing into a new ATH in 2019.
PURPLE LINE: The Repulsion Line
This is the line that will not be crossed by BTC again because nobody in their right mind would sell their BTC for that low.