$BITCOIN - Important Level from 2017 Signals LONG!

On the weekly chart we can see how the price moves through the cycles of profit through the mirror level. At first, the price formed the level in the beginning of September 2017, when the price peak was created and broken through this level in November before the movement to to $19000.
Afterwards the price, when nearing the level, used said level before the second break through.
What followed was the price breaking through the mirror level upwards in May 2019.

It is worth paying attention to the parallel position of downwards levels, which occurs every time the price approaches the level from above, which pushes us to a conclusion that the level is still relevant. At this point the price is in the retest phase of the support prior to an upwards movement, whilst being traded within the boundaries of the triangle formed from the parallel resistance and support.

Considering that the placement of the level of parallel support is located higher, we conclude that the price from this point can only move up. We are also supported by MA50 on $7100, an upwards support on $7355 and by another upwards support on $8000, from which the LONG position can be opened. The breakthrough of the downwards resistance after the retest will move the price to $14000+, which coincides with the previous local high. However, more critical news is that the price will not return to the area of $10000 any time soon after the breakthrough of the downwards resistance, which happens to be an indication of the start of a new bull-run.