This is the ultimate hopium BTC chart.
We are observing a from the previous crash. Current price is approaching very similar price drop and duration as the previous crash.
So the reversal between Dec 2018 and Feb 2019 can be substantiated by:
- of previous reversal, same percentage drop of around 87%, same duration of just over 400 days
- approaching critical oversold zone for the first time since the previous reversal in Jan 2015
- lower parallel support of multi-month formation
- lower parallel support of multi-year formation
News of institution grade exchanges launching in Jan 2019 will also help propel price higher.