Let's see how this ages over time. Channels with grand channel. I'm thinking a bear market continues until July 2019 and bottoms in the $1,100-1,300 range. Chart using 3 day candles.
Kommentar
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At a pivotal point.
Trade ist aktiv
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Buy orders still set under $1400 and over $1000. Won't happen today, but I am extending my bear market bottom timeline out to summer 2021. I mentioned this on another chart, but I figured I would update here.
Stay safe out there and do not underestimate this virus. Get organized and have a plan... and a backup plan.
Your bottom purple arrow is absurd since it has no basis to be there.
BMoom
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@ttt4567, Thank you for your feedback and the link to an interesting chart. Yes, this is my hypothesis, but the bottom purple line is correlated to the top purple line using a logarithmic channel and charted out to an unchecked strong support where BTC first started it's parabolic move. Checking $1300 - 1100 support will strengthen the chart for future growth.