B_CHECK

B_CHECK

Monthly Blueprint to sell BTC for 2021 bull run

B_CHECK Updated 

On the weekly chart, we can see that BTCUSD is testing to break out of the downward trend line (white dashed line) after bouncing from $6k support for the 4th time this bear market. There are 2 scenarios that I see possible: 1.) BTCUSD breaks out of the downward trend line (+$7500) and faces the next test at major resistance level of $8500 2.) BTCUSD fails to...

B_CHECK

Extremely long term BTCUSD view Although in multi-month bear market, BTCUSD continues to remain inside major bullish growth channel. In next leg of bull run, BTCUSD can run to the upper resistance of channel to $65k by August 2019. Long positions are encouraged based on extremely profitable risk:reward potential.

B_CHECK

BTC needs to get above $8500 and create a new higher high before any real bull run can be possible. If $8500 is not broken to the upside, BTC will fall and re-test $6000 or break even lower finally.