It's easy to lose sight of the forest when focusing on the tree's. Back in Febuary 2018, I draw a very similar chart. Coins return to their average. I think the rest of this year will be a correction, as it's been for the last 8 months. Then next year we will see a Major Bull run.
Note
Notice how Bitcoin found sound nice support on the top green channel line. If it breaks this channel, which seems likely we have a good idea where it's going. It needs to return to its average.Think of it like a heartbeat. Last year Bitcoin had an adrenaline rush. Then its heart rate began to drop, now it's just returning it's it's resting heart rate.
The Next Sprint or Bull run will come. Be patient my friends.
Note
I think this is a better chart to go by. This one only considers Poloniex. Bitstamp has more chart history.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.