Personally I believe we will blast off break through the green levels like nothing- Reclaim $4800 - Then we head to $51XX. What price does there will be telling of a lot.
We could just go down. 100X YOLO
Guys, this puppy wicked very nicely to the Blue Monthly Level. It got rejected- fast. Buyers have come : ) Never forget about the 7-10 days lag crappy lag-time of Coinbase getting retail traders their money!
Hope this helps. Good luck and God Bless.
As it is obvious the trend did change when we closed FEB 2019 with 3800$ (BITSTAMP).
We might see some sideways between 3.5k to 5k ( bear and bull traps ) but what is definite the trend has started its reversal.
Cyclic behaviors are most reliable trend indicators on long term basis.
Chart time frame - H4
Timeframe - 1-2 days
Actions on -
A – Activating Event
Market will meet resistance in zone @1.333 - 1.3365 and fall to the @ 1.325. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 1.325...