We can see in the monthly picture that the Bollinger bands are actually not really narrow enough yet.
This means that a big move is still a few months away.
If we look at 2015/16, then BBands were quite a lot narrower in the monthly.
It is therefore likely, that we will see the big moves coming later in 2020, possibly as late as early 2021.
But in which direction? Well, that will depend on macro-economic factors which are currently impossible to foresee.
I am inclined towards the upside should the MA200 hold, because of halving and giant money printing, thus,
rise in inflation of fiat currencies. Longterm, the bullish picture remains intact, as long as BTC doesn't go below 1200 for prolongued periods of time.
Only then should we start being worried.
This means that a big move is still a few months away.
If we look at 2015/16, then BBands were quite a lot narrower in the monthly.
It is therefore likely, that we will see the big moves coming later in 2020, possibly as late as early 2021.
But in which direction? Well, that will depend on macro-economic factors which are currently impossible to foresee.
I am inclined towards the upside should the MA200 hold, because of halving and giant money printing, thus,
rise in inflation of fiat currencies. Longterm, the bullish picture remains intact, as long as BTC doesn't go below 1200 for prolongued periods of time.
Only then should we start being worried.