NOTE: we successfully back tested the prior 2017 mid cycle peak to perfection. That peak was also followed by consolidation, yet went on to rally over 1200% after. Its also important to note that this has all been done within the confines of our weekly trend channel :)
A Bull market is recognized as Higher highs and higher lows. $BCH, while extremely volatile has exhibited the HH $ HL's and has even held above both its weekly MA and Trendline after our last correction. New Highs head? Time will tell
The Body of the Weekly candle remains BELOW our Inverted Trend. Wick represents classic Bear trap with wick. Bulls sill need to get over $41.3K, but I would sell this chart, which means I would be LONG $BTC
Don't think it could happen, think again! This would actually make a lot of sense from a cycles perspective as well as a confluence of supports and other prior fibs. The narrative is simple: Equities crash, dollar rallies. Gives the Fed cover due to Inflation running hot, then just like clockwork they come to the rescue to the crisis they created, by Printing even...