The next few minutes may show that the bull run is not over.
The thick red line is the downward trend line that has until now, not been touched in a long time.
We in fact have crossed above it several times in the last few hours. As soon as a 15 - 30m candle forms fully above it, that will indicate we are not in a bear market.
The red line is the bearish path, if broken we may continue the bull cycle to upwards of $6,400.
I think it will happen but if we break under the channel (3,380 or lower) we may return to sub 2000's again.
I am bullish.
The thick red line is the downward trend line that has until now, not been touched in a long time.
We in fact have crossed above it several times in the last few hours. As soon as a 15 - 30m candle forms fully above it, that will indicate we are not in a bear market.
The red line is the bearish path, if broken we may continue the bull cycle to upwards of $6,400.
I think it will happen but if we break under the channel (3,380 or lower) we may return to sub 2000's again.
I am bullish.