Green box indicates a potential accumulation range. Bullish divergences forming and key support levels will be reached.
Big dump to $7k or reversal to the upside?
The 50ema and the 200ema will come very close together, but before they cross over btc will break out of the falling wedge and go higher. Just a possibility. The green zone indicates a big buying liquidity pool.
Accumulate and HODL
Looks like we may grind out and accumulate near the daily 200EMA level for a abit before moving higher. (A guess out of many scenarios)
Up then down then back up to new ATH.
BTC will break lower but only to get picked up and consolidate then move up to new 2019 highs.
I think a test of $11.5k is more likely than a break lower...
Long consolidation phase until another hype run to $20k BTC.
$10k - $12k accumulation before more explosive moves upwards.
Are we in a big ascending triangle supported by the previous bull market trend line?
Everyone is bearish right now, even me. Take the opposite view and stay long.
Falling wedge, symmetrical triangle, $10k support.