The upper resistance has been hit twice, along with the support line being hit twice, all of which is showing exactly what's needed to confirm a , lower highs and lower lows.
Hitting the support line one more time, is the moment I would go long, whether it is at the $4K region or not, one more hit to the support line, is my signal to GO LONG!
The $4K region is a previous heavy .
Hitting the $4K range, should also help reset the monthly and I would like to think it would be a very healthy correction for BTC . Or it might actually just scare the hell outta all of us and it will take many years for BTC to recover, but recover it will :)
Just my noob opinion, take it with a pinch of salt!
Added the 350EMA along with the rising dynamic (purple line), where they are converging as I type. But the rising dynamic is of more significant as it based on the last 2 major lows, of 2/6 and 9/15, it may have a strong bounce from there too, also not forgetting the 6K region of the previous low 2/6 as a heavy support region where it could just form a double bottom and be on it's way up.
...But I still feel it going for 3.5-4K to complete the big DBW.
Closing this idea.
Until next time!