TradingView
TradingShot
Feb 23, 2019 12:17 PM

Bitcoin and the question we should be asking ourselves 

Bitcoin Liquid IndexBrave New Coin

Description

This is the standard BLX chart used to track the candle patterns of Bitcoin from its early stages.

The pattern is parabolic and that has been discussed more than enough here. What I want to emphasize most with this analysis is the support provided by the Green Zone.

As soon as the price enters this Zone, Bitcoin makes a bottom, never breaks it, consolidates on the long term and slowly rises as it prepares the next Bull Market.

What we should be asking ourselves is "How long will the price stay within this zone?". Because as soon as it breaks it upwards, the Bull Market starts in emphatic fashion.
Comments
DarkwolfSE
Here you can see my same MIDDLE orange lines, on the weekly:
TradingShot
@DarkwolfSE, That would be perfect if we hit it within the next 3 - 6 months.
BlockchainYahoo
we have not yet tested 6000... once that happens then it will go back to do a double bottom...that will take all of 2019...pass the popcorn

TradingShot
@BlockchainYahoo, Wonderful scenario if you ask me!
DarkwolfSE
Good stuff, but an very important zone is 6300-6600 if you look at monthly, and in the past when btc has breached this, it has also begun the bull fiercly. so even if it hasn´t went out of the green zone yet and a break of this level (6300-6600) and close above on the monthly has happened then the bull should already start, God willing.

Reference:
TradingShot
@DarkwolfSE, Lovely chart!
anonycoin
Incoming bulls 100K
TukanF1
Interesting...
anonycoin
Accurate
anonycoin
Bulls is near, thank you for the Chart!, 45k
More