theellk

BTC - retracements 2014/15 & 2018/2019

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Interesting similarities and differences to the previous bear market.

We appear to have spent a few months between the 77-83% range, whereas in 2015 we only wicked into there before ranging in the channel above. (red circle - wick not visible on line chart)

Perhaps we do the same now and range between 4k and 6k for up to a year(?)

I do envisage we will see 6k and then 3k again before we move out of these ranges and begin a bull run.

Also - until the 200day and 200week touch/meet (arrow) - we be accumulating.