BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The long-term trendline is in sight (thin blue line at the bottom), but we still haven't seen any major panic yet. I think this will happen when we reach the trendline. The dotted orange line is the bottom of the descending wedge we've been in since last year.

Also of note is that today is a full moon , so this may be the day we see things reverse. The effect of moons in this bear market, however, is questionable. It's just good to be aware. As always, watch volume and go against the general sentiment.

Comments

What is your $225 horizontal based on Moontrader?
Reply
MoonTrader johnrfraser
It's not actually horizontal. I described it in the beginning of my description. It's the long-term linear trendline from way back in 2012-13.
+1 Reply
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