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ENIGMA1440
Jul 17, 2019 9:38 PM

The 1st bounce!  Long

Bitcoin / United States DollarCoinbase

Description

On the 15 minute chart is far longer than the previous. Leading to the 2nd bounce resting on top of the 200 period instead of under and the 3rd confirming the uptrend and continuation. I think this is the clear path out of this much needed and expected 35% correction and consolidation.
Comments
ViennaCalling
I agree, but with a small twist.
ENIGMA1440
@ViennaCalling, My only argument against that theory is this channel it's held since Feb
oaksacorn
@BitFink, nice job on the channels. The channel is key here.
ENIGMA1440
@ViennaCalling, And I have this theory because of the prior 10 year cycle channels and their similar angled channels
ViennaCalling
@BitFink, Thank you, very interesting! We will see how it works out. :)
ENIGMA1440
@ViennaCalling, Yessir we will! Enjoy the ride...
Bullandbeartrading
Interesting view mate.
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