See chart. 2 more month before exiting the 2 standard deviation Shift pitch fork line, that would indicate the end of the bear trend. BTC seems to have hit the historical support line, shown in green. Fibonacci 0.786 seems to confirm, or at least correlate to how the downtrend ended in 2015. December should be a neutral month with high volatility between $4800 and $6300. January should be a Bullish month. Some kind of news Catalyst is going to create FOMO and lambo tweets.
Chart is monthly, log scale, Heikin Ashi bars.
Credits for the elements of this idea to Waves-618, "Steve Crypto Crew University" and "Nick CryptoCore".
Disclaimer...this is not financial advise blah, blah, blah. Trade at your own risk..
Chart is monthly, log scale, Heikin Ashi bars.
Credits for the elements of this idea to Waves-618, "Steve Crypto Crew University" and "Nick CryptoCore".
Disclaimer...this is not financial advise blah, blah, blah. Trade at your own risk..