I'm not the first to post this (@IAmSatoshi was the first I saw).
A break of 11k confirms the A&E and sets the target to 13k. Still has to deal with 10.6k tho, which should give us some hints about how serious BTC is about this breakout.
First support 10.2k.
Just pointing out how early on the cycle we probably are like I said on Twitter (twitter.com).
The current bull market (right) is 260% from the bottom, the last bull market went 2415% from bottom to top.
Here is a prime on Dow Theory to help you get on the right track.
Charles Dow was an American journalist. He founded the Dow Jones & Co., created the Dow Jones Industrial Average (DJIA), founded the Wall Street Journal and created the Dow Theory, the basis for technical analysis (which is the important part for us). All in the XIX century.
I will use the Dow...
Here's an overview of all intermediate corrections of 2017.
I'm using a log scale and Heikin Ashi candles (which does not change lows and highs) to better visualize the trend;
Blue arrows/green rectangles connect the lowest point to the highest point of an intermediary bull run;
Yellow arrows/red rectangles connect the highest point to the...