This analysis assumes that the fractal pattern from the 2015 bear market will repeat itself in similar fashion. However this year I don't think the wicks will reach down as far considering vastly improved crypto infrastructure in place in 2019 vs 2015.
The bottom process is starting to show more clarity. We aren't through the weeds yet but with an upcoming 50/200MA golden cross just over the horizon more signs keep pointing toward a major trend reversal starting us on a new journey of price discovery... with the Bitcoin halving only about 400 days away the fundamentals have never been better.
Huge move coming in the crypto verse... major trend change or continued downward movement?
The next 4 years will see Bitcoin demand/use increase world wide and the halving will lower/decrease the amount of new supply hitting the market... this will lead to an exponential increase in price over the long term.
Watching the total market cap bounce off 100 million in slow mow...
Bitcoin appears to be complete an inverse head and shoulder pattern to mark a temporary bottom in early 2019. If serious volume comes into the market and we break the neckline over 4150 area the next major target to watch will be 5000-5400 before we hit the 2018 bear market downtrend line overhead. Depending on how Bitcoin preforms at that level will determine if...
Only time will tell but it . appears that BTC is showing indications of a bottom forming. The possibility of an inverses H&S pattern with a target for the head low is 3k area. This would provide further confirmation of support from mid 2017 levels.