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:

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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