YbarraMarco

BTC LONG 1 year trend line (log)

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Some posts are saying BTC is about to break the one year trend line which is true if you draw it at the close of the candle. As you can see here if you connect it by the wicks it remains around 7400. My previous post predicts a double inverse head and shoulders which if correct has the possibility of dipping down to the trend line which would then finish the wedge breaking the downtrend from 20k in the clear for an all time high.

in which case we would go sub 7k breaking the trend line we would go to around the 20 sma on the monthly which is around 4200.
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