The 4Hr bullish support line (green diagonal line) is holding.
Cup and Handle neckline is is around same price of 4Hr trendline, meaning possible pattern completion is possible.
Red stair step line is 10WeekMA (or 50Day same thing). Price above red zigzag line will continue bullish trend significantly.
Filter dots show next trend on 4HR is bullish.
Next EMA Cross is bullish.
If we break green trendline, Cup and Handle is out of play.
Dec. 3 - Green line support trendline meets Cup & Handle and completes, or fails.
I am not sure if all these bullish signs on the 4HR view are enough to begin the trend upward into halving on the Daily.
I do think we should be close to retesting 2017 ATH's around the halving in May 2020.
PlanB agrees that we should begin our uptrend soon. He sees it more than possible BTC going to $10K by year end 2019.
2017 highs were above the stock to flow prediction band on the chart (better than expected rally).
We are within the bands now, just like $100k future price is within the bands during the anticipated peak coming up. :)
twitter.com/100trill.../1199744234791804930
BTC investors expecting to hold for anything around 2 years from today, in my opinion, should NOT worry about any 20-50% correction at this price.
Any 50% correction on the journey to a 20X return (2000% gain) is totally irrelevant.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
Cup and Handle neckline is is around same price of 4Hr trendline, meaning possible pattern completion is possible.
Red stair step line is 10WeekMA (or 50Day same thing). Price above red zigzag line will continue bullish trend significantly.
Filter dots show next trend on 4HR is bullish.
Next EMA Cross is bullish.
If we break green trendline, Cup and Handle is out of play.
Dec. 3 - Green line support trendline meets Cup & Handle and completes, or fails.
I am not sure if all these bullish signs on the 4HR view are enough to begin the trend upward into halving on the Daily.
I do think we should be close to retesting 2017 ATH's around the halving in May 2020.
PlanB agrees that we should begin our uptrend soon. He sees it more than possible BTC going to $10K by year end 2019.
2017 highs were above the stock to flow prediction band on the chart (better than expected rally).
We are within the bands now, just like $100k future price is within the bands during the anticipated peak coming up. :)
twitter.com/100trill.../1199744234791804930
BTC investors expecting to hold for anything around 2 years from today, in my opinion, should NOT worry about any 20-50% correction at this price.
Any 50% correction on the journey to a 20X return (2000% gain) is totally irrelevant.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.