As we all see Bitcoin has grown up some in last few weeks, we had a nice peak at 8,5k but i dont think that is what we are looking for. We are consolidating right now but Volume sux and RSI is oversold since last peak.
If we look back (blue bold striped line) show us support line created in 2015. Back in time everytime price has touched blue striped line or consolidated around it after few weeks/month we saw a great run with great profits, also if we look up at red bold stripe line we can see every time price has touched it, it went down. Only time it get above was the hype momentum.
Last time BTC touched that blue line was march 2017, after it BTC grew from 900$ +- to a peak around 20k$.
So my point is we have to see this "touch" before next run.
Of course i would love to see rally without touching blue line cuz it would take us under 4k (if it happens this month) or around 5k (if it happens by the end of the year).
So my question is! THE WINTER IS COMMING OR NOT?
OFC im just a novice so that's my thought not a crystal ball :)
If we look back (blue bold striped line) show us support line created in 2015. Back in time everytime price has touched blue striped line or consolidated around it after few weeks/month we saw a great run with great profits, also if we look up at red bold stripe line we can see every time price has touched it, it went down. Only time it get above was the hype momentum.
Last time BTC touched that blue line was march 2017, after it BTC grew from 900$ +- to a peak around 20k$.
So my point is we have to see this "touch" before next run.
Of course i would love to see rally without touching blue line cuz it would take us under 4k (if it happens this month) or around 5k (if it happens by the end of the year).
So my question is! THE WINTER IS COMMING OR NOT?
OFC im just a novice so that's my thought not a crystal ball :)
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Thats how i see it
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