Bitcoin long term trend is still intact
Looking at the long term trend we can see that it is still intact. The BTC move today tested the line and we should see a rally to the upper trend line again now.
Note
Just as a bit of additional information. This chart is using a logarithmic scale, not a linear scale.Note
I believe we are in an accumulation phase now, gathering more strength for the move up. We have tested the base of the leg that took us to 11.5k now and we are nearing the cross of the long-term trend line and the trend line that took us down from 20k to 6k ... I'm still bullish
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Twitter: twitter.com/NicoMuselle
Check out my FREE indicator scripts:
► tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle
► tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle
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