BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Seasonal factors...??? Who says we don't pay taxes on time.
Comment: Looks like tax season is closing. The pre-run may be exhausted but me thinks good things are ahead for BTC for the rest of the year. Happy hodling
Comment: As noted above, don’t bet the farm on immediate move but future looks brighter than it did 2 weeks ago

https://www.coindesk.com/bitcoin-rally-tax-day-dont-bet-farm/
Comment: Post-tax day makes for headlines and FOMO rally. We correct soon as BTC hits long term log downtrend line.
Trendlines are tricky, because they are subjective. If you look at it using log, price is right there, but if you look at it the normal way, then price has already broken through. That's why I think plotting support and resistance using horizontal lines is best.
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zr0s rev214us
@rev214us, ...ohhh for sure. You make a great point. I was just making a general observation with BTC stopping at the log DT line. Much more to it than that. What are your thoughts going forward to end of year?

Read this interesting article in AM. https://www.coindesk.com/bitcoin-bull-trap-not-says-lesser-known-price-indicator/ Going to take a look at trying to break down the relationships to see how monies flow and the dynamics of it all.
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@zr0s, My thoughts are positive. I believe BTC will go to 50k or higher before the year is over. I also believe alts such as LTC, ICX, and especially OMG are going to see great gains.
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