The next 10 days, will be the determining factor.

2019年12月18日

Bulls are alive if it can re-take $7000, with a break of that falling wedge.

If it gets below 5.5k (excluding flash crash), perhaps you should start re-accessing crypto as an asset class. Its going to be another year or two of bear nuclear winter.


Good read if you're in for the long haul: messari.io/report/crypto-theses-for-2020
I'm bullish bias.


Watching hashrate:

2019年12月19日

注释

Update. Wait for hash rate confirmation.
It might chop here for a bit more.

2019年12月23日

注释

Notes on chart.
8k tag as the first level of ab=cd target from 7k.


Hope you see how this works, with a multi timeframe & multiple confirmations approach to price action.