Get ready! BTC Bullrun starts within the next 18 Days

6 de jan. de 2020

Hello,
im trying to keep the analysis short and simple.

In my analysis im using the:

• Fibonacci Channel (PINK Arrows -> connection points)
  
• Fibonacci Retracement ( GREEN Arrows -> connection points)
  
• Volume (Second Chart)
  

Pay attention on the 3 RED arrows:
As you can see, the red arrows are pointing at the long term support line.

6 de jan. de 2020

Nota

Second Chart:


As you can see.. the long term RED line.. is still acting as a strong support.

Back in the Beartrend 2018- april 2019, the Fibonacci level 0.786 ($4340) did act as a resistance.
Now, in the current Beartrend, the Fibonacci level 0.618 ($7616) is acting as a resistance.

In both beartrends, the RED support line and both resistance lines, were forming triangles.

VOLUME:
Pay attention on the volume. Its decreasing, and there is still some space left.

6 de jan. de 2020

Nota

THIRD CHART:


So what is my final opinion?

1. Scenario (Green arrow):
Bitcoin breaks in the next days the 0.618 resistance (at $7616) with high volume.

2. Scenario (Yellow arrow):
Bitcoin dips one last time to ~$7150-$7200 and bounces from there with high volume and breaks the 0.618 resistance at $7616.

Looking at the volume.. there is still some room left.
Same as in the yellow triangle