Looking from another perspective... Log Scale with Weekly Candles
Taking this Chart in LOG scale using weekly candles you really get a good perspective as to whats happening and it doesn't take years of experience to decipher.
Im expecting 1 more signifigant drop before any major Breakouts or ATH to be shattered.
Chart speaks for itself. BTC is following a long...
I'll keep this simple and to the point..
Long Term BTC, hands down im Bullish all the way!
However, Currently... at this moment all I see us in is just a B wave in the ABC Correction. For those experienced traders you should know that the true C wave is always Blood on the street and I haven't seen that since the drop to $3500 which was part of the $20k Run.
So im really trying to be as realistic as possible here...
Ive mapped out the STRBTC chart dating back to around OCT 2017 when the the last uptrend began.
Im a long term bull.... HOWEVER.... in the near term I see a short opportunity as stellar completes the C wave correction after this small 5 wave structure we had to end the major correction from early 2018....
with all do respect Stellar has risen like 4000% in 2017 so I can't realisticly see a major move for a few months sadly.
Nobody loves STRbtc 0.00% more than I do, but a short term short might be in the plans... Head and shoulders forming.
I don't think this will be a drastic drop like we saw in Feb, but it might be a minute before the next super moon.
Just brainstorming the trend... using weekly candles here.
keeping it simple... long term I see it forming some sort of head and shoulders (as per my drawing) before the major correction hits near end of year
feel free to add some feedback