Could History Be Rhyming?

3 de abr. de 2019

Ok so my last idea did not turn out so hot...but hey can't win them all fam. Anyways, if you are still bear biased and looking for some hopium here is a shot for you. In the 2015 bear market we had very similiar price action. Price rallied above both daily 200 moving averages after a prolonged bear market under them. However, the rally proved fatal to mid term bulls because bitcoin quickly dropped almost 40 percent to retest lower supports before eventually rallying out of the range to find a new home above the daily 200's. As this is our first bullish poke above the moving averages I can't help but compare the two situations. Just somethign to keep an eye on.

Red Boar