The long term support has held. It should be upward movement (in general) on month over month basis until we max out in Oct 2020. I'm expecting us to break 20k in March or April.
This cycle is moving faster than the previous cycle. On average it is taking 37% less days to achieve repeating long term technical patterns. For example using monthly candles:
From 2013 ATH to the down trend break out in Sept 2016: 1035 days From 2017 ATH to similar down trend break we are seeing now: 761 days (26.4% less days than previous cycle)
2015 Bottom to the same down trend break out mentioned above: 609 days 2018 Bottom to down trend breakout: 396 days (34.9% less days)
2015 Bottom to bullish weekly MA crossover (labeled GO in purple): 304 days 2018 Bottom to bullish weekly MA crossover (2nd GO on chart): 151 days (50.3% less days)
Average less days from above samples: 37.2%
From this projecting outward: 2013 Bottom to 2017 ATH: 1065 days 2018 Bottom to next ATH: 668 (Oct 2020) 37% less days
Next bull market cycle will obviously take longer than the previous bulls market cycle .. 2020 it's a close year, I'd say mostly at the end of 2021 or 2022
2020 will just be the year indicating that the bulls are coming.. if so
coinables
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@JustXho, I think it is obvious that this cycle is moving faster than the previous. If the cycle is real (which I believe it is) smart money is watching this time and they very well could front run it. Best of luck to you.
VincePrince
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Good technical analysis, I have a similar approach.
2020 will just be the year indicating that the bulls are coming.. if so