Couple of Trend-lines being broken (Semi Log and Linear)
The circled area represents a very important point for 2019. It is when the linear rise took a parabolic view. The subsequent trendlines were all broken and now Bitcoin seems to be back in the early phases of this rise.
The green line represents the point when the parabolic support was broke on a semi-log scale.
The blue line represents the linear trend tops in Bitcoin.
Moreover, we are currently testing the bottom of the trend. Hence, a break-down from this point could be detrimental.
On a logarithmic scale, the support is near $9400 on the longer time frame, which will confirm or break the long-term trend referred below.
The green line represents the point when the parabolic support was broke on a semi-log scale.
The blue line represents the linear trend tops in Bitcoin.
Moreover, we are currently testing the bottom of the trend. Hence, a break-down from this point could be detrimental.
On a logarithmic scale, the support is near $9400 on the longer time frame, which will confirm or break the long-term trend referred below.
Comment:
How Bitcoin is skirting with this support line. From today it has to close above $10,300 from a bullish continuation
