This is a quick sketch of a thought: What if Bitcoin is correcting like the bubble of Spring 2013 instead of the subsequent one in November? It's tough to say if we'e reached bottom yet. However, if we are indeed following the pattern of the last Block Reward + Bubble era then this era will have the Bitcoin price recovering from this correction over the next few months and then leading to a bull run possibly up to $100k/bitcoin before we see a possibly year long (or more) correction.
코멘트:
Let's see if 4 is already in or if double bottom is needed.
코멘트:
Evidence suggests good chance 4 is in. Fiat reserves incase of sharp decline not a bad idea. Also not a bad idea to sit on your hands until market begins to move.
코멘트:
Careful selling into fear.
코멘트:
Price resting on that lower mid channel line. A bounce here would be nice but would not guarantee end of bear trend.
코멘트:
As it was written elsewhere, "I find it hard to believe that a growing institutional sentiment toward cryptocurrency / blockchain, will be the catalyst for a bearish market or full retracement "
코멘트:
This would be a nice place for a bottom.
코멘트:
Follow the blue path? :D
코멘트:
A retest of that lower trend line around $4k is possible if momentum doesn't change soon for Bitcoin.
코멘트:
Wave 4 in IMO
코멘트:
Close to or nearly at bottom
코멘트:
Based on this chart we have touched support and are ready to move up!
코멘트:
Sitting on log support.
코멘트:
Support broken