BitCoin - The Long Term Trend Channel

obviously the long term trend is bullish, but ... looking back at 2015; there was a drop below the long term trend line, at that time there were also less exchanges and less people involved etc, so not to say that it will happen again, probably not ... so, $2k? I doubt it ... never say never, but it seems very unlikely at this point

while $4.2 ($4.5) as a target isn't crazy at all, that's the bottom of the long term trend line; that's the actual bottom !

then up again of course, for the most part following the long term trend channel ... and then everybody goes crazy again, so we have a bubble and then it pops and we start all over again ;-)

that's about it or did I miss something? let me know in the comments and don't forget to like and follow ;-)

cheers

Comment:

just in case; look how it follows the long term trend channels for so long again and again !! especially ALL of 2016

yes, that means we're in a long term bull market, but that also means that whenever we get out of that channel; there's a correction !!

and we just way above the trend line ... of course it will come down !!

Comment:

almost 1 year later and wadda ya know ... that little yellow circle is really damn close, isn't it ?!?

my timing is off, but the zone is spot on; I'm all in ...