Cryptor07

Bearish Trendlines in Logarithmic Scale... Defeated !

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
I am going to make it very simple in this publication by sticking to the most obvious and unavoidable visual cues.
But I remind you under this description my "Related Idea" that lists my technical indicators.

I reported in a previous publication, there remained a psychological threat:
THE BEARISH TRENDLINES OF THE 2018 BEAR MARKET IN LOGARITHMIC SCALE.

With the bullish breakout of the ascending triangle predicted in my previous publication, this double psychological barrier has been crossed!

We are not immune to a short-term bearish retracement of this green candle along the secondary downtrend (in red), but the new long-term bullish cycle seems to assert itself more and more... to follow (with inevitable waves of Elliott ) the proportional fractal of 2015? (that I simplify you here by a simple line), heart of target of my previous publications!

DISCLAIMER: This information is not a recommendation to buy or sell.
Trust your own judgment, do not follow any "prophet".
Comment: Note that with a current price of $ 5,000, we have just returned to the historical post-bear-trap level of October 09, 2017, giving excellent support for 2019
Comment: To be more precise, 38.6% Fibo retracement: $ 4900 becoming support

Comment: Canal 38.2% - 23.6% of the Fibo retracement confirmed as short-term support:



But beware now of the Bull Trap risk (see my last publication)
@Cryptor07 Nice chart!
+1 Reply
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