Historically back testing analysis based on previous cycle. Basically, we are at the bottom ready to start the cold winter (sideways channel "chop-o-nachi") for most of the year. But soon, we basically go from 4k to 5-6K. Then we range sideways for awhile until we break from resistance, which is $6K. $3,500 should be the low of the channel from here on out. Good luck, bois!
Order cancelled:
Target going back to $3500. If it breaks support, we go much lower. But if we stay above $3500, we can stay in a sideways range for most of the year.
Comment:
got my numbers wrong, retest $3K
Trade active:
Wait, were active.
Comment:
Just need to sideways from october or november 2019.If you are cost averaging, load up.
Comment:
Where are we now? Somewhere in beginning of July 2015. Expect a downturn in mid April (15th) 2019. and retest the lows. Reload in end of May. Of course, we'll have to keep a close eye on things and readjust as needed.