History will repeat. When the green line (TSMA50) cross the Blue line(TSMA100) we will see bitcoin pump to 20K.
Prediction keep in eye out:
Next bull run will go to $280K yr 2021. Followed by a bear bottom of $52K.
After that, the Next bull run will go to $4.4M yr 2025. Followed by a bear bottom of $800K.
The chart does all the talking. Some Highlights:
RSI indicator: We fail to enter the bull run according to the RSI indicator. We are in the void zone(neutral). Most likely we will go down in the RSI to the bear zone.
Historically, the bear market last about 20 months. I predict the bull will come in in June, July or no later than August.
BTC Bitcoin is going to make a big Move Before October. Bitcoin is getting squeezed. Bitcoin has depleted the sellers for the 6K-6.5K zone. We can break 5.7K(continuation of bear trend) or 6.8K(Bigining of bull trend). Why 6.8K?
6.8K is the new high peek resistance. So far we have not break a high peek resistance since the end of 2017 bull run.
Everybody is here to figure out when we will get a reversal. I have posted my simple straight forward chart showing a possibility of reversal. I will not talk about moving averages , wedges or telling you that I love you. Simple easy to read and to the point. One more thing, I will always include "might". Nothing is for sure. Its only my opinion not financial...