Since the $3,100 low in Dec 2018 we haven't really logged a macro higher low. One year later and we may have the chance to officially call a macro higher low on bitcoin.
I've been waiting for this since the 2019 April fools $1,000 candle. We need price action to print higher than the Oct China pump somewhere above $10.3k.
This has to be the "disbelief" rally. Moon boys will always be moon boys, but there is still a bunch of opinions on trading view that are convinced we will go much much lower.
I thought there was a chance we would hit $5,800 or wherever the 200 weekly MA was, but not anymore. If you look more long term it just seems bullish. The multiyear legacy trend line held as support and we are close to confirming a reversal in this 6 month downtrend.
I've been waiting for this since the 2019 April fools $1,000 candle. We need price action to print higher than the Oct China pump somewhere above $10.3k.
This has to be the "disbelief" rally. Moon boys will always be moon boys, but there is still a bunch of opinions on trading view that are convinced we will go much much lower.
I thought there was a chance we would hit $5,800 or wherever the 200 weekly MA was, but not anymore. If you look more long term it just seems bullish. The multiyear legacy trend line held as support and we are close to confirming a reversal in this 6 month downtrend.