Bitcoin have already 4 months of uptrend, RSI is at 70 same as 2015 followed with downside.
Dominance at 61% same as on sept 2018 followed with downside.
I believe it will follow same patterns with -40% down, with 4200$ target, also a great support! ( Bitcoin have a lot of -40% corrections)
Bitcoin shorts are starting to get closed witch will...
200 MA/daily is a solid resistance,
200 MA/weekly is a solid support,
We can clearly see Bitcoin under 200 MA/daily is bearish trend same as in 2014-15 with ~455 days of bear. We will have a move upwards 200 MA/daily this summer 2019.
This is where 200 MA/daily will act as an support.
We are now in a consolidation phase, hard to determine if it was...
Kinda strange think i founded
In 2014 we have 3 low points with 70% drop , 45% drop then 18% drop
In 2018 70% drop done, 45% drop done, 18% didn't happen!
Which will give us a drop from 3100 LL to 2500 price BTC
Nothing can be proved even on this chart that next move will be -18% !