Potential road map for BTC 0.92% , if 7300 holds take profits between 8800 and 9300 just in case.
A strong break though the 200ema would mean a new uptrend likly to form but a rejection would send prices back on their way to 5000 or lower
Weather or not we continue up trend from here I believe the bear market will continue until we retest the 5k area as it was never retested back in october
Expanding on my previous idea, my educated guess on how i think the next few months could play out if we continue to follow 2014. Everything after 2019 is pretty unrealistic but who knows.
I believe a hard bounce from the 200 week MA down to the $3000 level will mark the end of the bear market. Looking at the 2014 correction after the first big sell off the price rallied up 100% follow by a 75% drop which was the end of the bear market, this year we also had a 100% rally after the first big sell off and a 75% drop puts us at the $3000 mark
Possible breakout scenario, which could see us test the 50 and 100 day MA and possibly breakthrough to test the 200 MA
Two patterns I can see playing out both bullish, time will tell . The arrows i have added are based based on the fact we have seen trend reversals at the beginning of every month this year