DrDovetail

BTC forms 1day higher high 1st time since bearmarket beginning!!

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is a huuuge sign that we may finally be seeing the trend reversal we've been so patiently waiting for and a definitive end to the bear market...This is the first higher high on the 1 day chart we've had since January 2018. We will be looking to follow this up with a 1 day chart higher low and then one more 1day higher high to complete the sequence and fully hand control back over to the bulls. if we do not form a higher low then we will almost certainly see a capitulation candle to follow...if we do then capitulation already happened in December! Very exciting either way you slice it!
Comment: We finally reached the green fallling wedge's breakout target and also the tan symmetrical triangles breakout target...inf fact we hit the tan triangles target exactly before the current big wick started forming...btc is overdue for a retrace but I anticipate a higher low out of it...if not then this upcoming retrace will likely be capitulation but if the higher low happens and we can find good support above the daily 200ma then we could finally see a golden cross on btc by the end of april!

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