This is a typical bearish pattern. The price falls below the 21EMA and revisits the line from below, "kissing" it and getting rejected. In 2014/2015 it bottomed after a -61.27% fall. The same degree puts the bearish target/ bottom at 2300. The duration of the 2014/2015 pattern until the time it broke the 21EMA was 395 days. This places the start of the next bullish run on December 2019.
Very interesting concept here. I like how you are one of the only ones looking and reporting on the monthly chart. I'm hoping for a higher low bounce but if we do break, down down we go. We're playing the short trades in the meantime and making small profits over and over again on BTC and ETH and when the big moves come, we'll ride the coaster up on those as well. Best of luck man and great TA!
ReallyMe
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I think the stock markets will collapse quite a bit over the next few weeks. There will not be enough money to support the crypto market. I expect the next big BTC drop coming before too long. YMMV. Take care.
UnknownUnicorn1626565
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Boon2
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BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.
WBM_Team
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BTC – curious of the secret of profitable and safe trade in 6W?
Jefe
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the kiss of death can send bitcoin anywhere if it happens but it is a long way from happening yet, so let's not put the cart before the horse
Mangaladaymers
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nice technical analyse that's what I like, true but maybe the last pump in target 5600$ ..... after the big crash comming maybe 1170/btc but your analyse is very nice !!!