The blue support line has previously served as a support 4 times and cannot be broken 4 times.
When break and close below the support line, our trade will be active and our target will be green support channel.
The green support channel is also the D point of the Bat pattern.
In the green support channel, we will enter the long trade by waiting for a voluminous candle. and then our first target will be the red resistance channel
If you have a different analysis, I would like you to share it in the comment section under the chart.
Long term it will look more like this imo even if do not claim final target but I just pops out of this TA.
pkb6698
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Total Coin Market Cap : 2014 vs 2018
yetisalmon
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Thanks FxCanli. I wonder however, since everyone post the same chart, about bitcoin making bullish run in next two years. Maybe it does the opposite...
shobz99
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thanks dear!
weslad
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Big Breakout is coming!!!!!
Boon2
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I agree and have a similar view, Here's My analysis to support that view. Check out the idea details and updates for all the structure's i'm looking at from D1 to the lower time frames!
frupreneur
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I AGREE @FxCanli There will definitely be atleast one more wave to complete the BAT around $4,800 Which equally will be completing a Gartley (1st chart). From there good volume can resurrect or we see lower dips below $3,000 (2nd chart) if the gartley and bat both fail to pump!