Can the Kiss of Death send Bitcoin to 2300?

2019년 1월 21일

Pattern: Kiss of Death on 1M.

Signal: Bearish.

Target: 2300.

This is a typical bearish pattern. The price falls below the 21EMA and revisits the line from below, "kissing" it and getting rejected. In 2014/2015 it bottomed after a -61.27% fall. The same degree puts the bearish target/ bottom at 2300. The duration of the 2014/2015 pattern until the time it broke the 21EMA was 395 days. This places the start of the next bullish run on December 2019.