$ 6000 this end of the year for a new ATH in 2020, complements !
Updated
Additional informations for my idea of October 12, 2019 (see Related Ideas) on Bitcoin :
1) 200-day Mobile Average (MA 200) as a bounce zone this year end at $ 6,000.
2) Descending Triangle of my previous idea replaced by a Bearish Parallel Channel: what I interpret as being a big Bullish Flag under construction, like those of the previous 2 speculative bubbles, also represented on this chart. These Flags were only pauses in the overall Bullish Trend, having each time experienced their Dip in contact with MA 200.
3) Repetitive cycle of the RSI 14 alternating overbought and oversold zones as a trend reversal signal confirmation indicator.
1) 200-day Mobile Average (MA 200) as a bounce zone this year end at $ 6,000.
2) Descending Triangle of my previous idea replaced by a Bearish Parallel Channel: what I interpret as being a big Bullish Flag under construction, like those of the previous 2 speculative bubbles, also represented on this chart. These Flags were only pauses in the overall Bullish Trend, having each time experienced their Dip in contact with MA 200.
3) Repetitive cycle of the RSI 14 alternating overbought and oversold zones as a trend reversal signal confirmation indicator.
Note
Be careful, the Weekly MA200 that I use here is down after the last correction of Bitcoin: the ultimate rebound that I envisage on this moving average, starting the next bullrun (year 2020), could be this month around $ 5,000 and not $ 6,000. For my part, I proceeded in stages since November for my purchases, smoothing my entries in Hodl in a fairly large area 5000-7000 $.
Trade active
Confirming my thesis of a target enlarged to $ 5000, we seem to be in a descending triangle of bearish continuation whose support is ready to yield:Bearish breakout to validate of course before taking any position, that I personally "hedge" with my BTC hodl bought by level since November as explained previously.
Note
Trade closed: target reached
Just, wow.
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