Anyways getting back to bitcoin and the charts I havent done anything very fancy i have just taken a long term analysis for . As we can see the has only been lower in 2015 where it touched 25 and we had a massive structural bull market from there on. Right now our long term sits at 36 which means we may fall a little more to 4200-4400 but this looks like the last wave of capitulation which is not just forcing weak hands out but even forcing out slightly stronger hands that our now giving up. Once we reach those levels of 25 we can be sure to run up again. Not sure about a Christmas rally, but given that the bear market has endured for the last 10 months I see a new bull market in the offing.
I am currently holding xrp and eos, looking to buy ltc once it reaches 30-33. Happy trading Guys!
Again a very new person to TA so feel free to leave comments and constructive criticism