On all exchanges it looks like BTC has broken the long-term descending TL that WAS a steep sloped line so sideways action has done the trick. We could draw a new line but it just wouldn't be perfect like this one. This also gives us room to complete the ole C wave taking BTC to that 4300 range. Please leave feedback, it's much appreciated!
Funny fact: I just...
RSI-Bullish div since Dec 18
Bullish divergence of Fundamentals/Price with IBM partnership, Grayscale etc
Expecting it to do what it's always done when reaching the bottom of this long-term channel...got back to the top at the very least.
Like the wave out in the ocean, separately it fights commotion. And as it nears the solid shores, believing it will be no more, it crashes rock and then dispels and realizes all is well. For it is not a single wave and the rocks were not it's final grave. Blending back into the sea, sometimes five waves, sometimes three. Until it reaches levels charted by the...
I've read the C&H patterns purpose is for longer terms....like months/years but it seems from past experience to work on lower time frames in this market. Feedback is much appreciated and in turn, I'll "follow" all who give it. Let's drink?