XLMBTC long,
very divergent then breaks above resistance which becomes support, also just touched the trendline on the rsi. Should move up from here and if you zoom out and look at the bigger picture you can see that there is further potential than what i have presented.
Lets keep it simple here.
With all thats going on in the world we have entered 2020 with 2 really big bangs. First was USA terminating the general of Iran and the second is the virus outbreak in China. All the uncertainty will drive the price up. The technicals are not bad either.
Here we see bitcoin turn its bear trend around in 2019 and rise to nearly $14.000. After this rise we have a correction to the 618 FIB level. This area has a very strong trendline and has also formed a head and shoulders pattern. With the halving on the way in may Im all long for bitcoin.
$6500/$7000 is very strong support
