Bitcoin long term trend is still intact

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
2728 19
Looking at the long term trend we can see that it is still intact. The BTC move today tested the line and we should see a rally to the upper trend line again now.
Comment: Just as a bit of additional information. This chart is using a logarithmic scale, not a linear scale.
Comment: I believe we are in an accumulation phase now, gathering more strength for the move up. We have tested the base of the leg that took us to 11.5k now and we are nearing the cross of the long-term trend line and the trend line that took us down from 20k to 6k ... I'm still bullish

that was a really bad call there Mr Musellele
just canceled my sell at low
+1 Reply
@goldenjet, keep in mind this is just a prediction. I could be completely wrong. Always do your own analysis and trade your own plan. :)
goldenjet Nico.Muselle
@Nico.Muselle, ofcourse.
“parablic trend is still intact” Parabolic Trav.

people been insisting that trend lines intact since 22 December 2017..and a new trend line been drawn with every dip..I am looking forward for this one to be broken soon even though it has already been broken in early Feb..
+1 Reply
@elshanti, on the linear chart indeed it has been broken, and we are testing the back side of it now. However on the log chart we did not break it yet.
elshanti Nico.Muselle
@Nico.Muselle, imo..BTC needs AT LEAST to test the adoption channel (it not its bottom) before it continue/start a bull run..this is what happend every time it went parabolic out of its adoption channel
+3 Reply
elshanti elshanti
@elshanti, the adoption channel starts from the dip of the previous cycle and once its broken at the level/point of the previous ATH it goes parabolic..A big correction/crash occurs after parabole blow off and it tests the channel.. however a bounce from the adoption channel top only happend in 2013’s 1st crash.
+1 Reply
Love an update and some more of your thinking process
+1 Reply
@DrDan, update posted today, thanks for visiting !
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out