The next 10 days, will be the determining factor.

Bulls are alive if it can re-take $7000, with a break of that falling wedge.

If it gets below 5.5k (excluding flash crash), perhaps you should start re-accessing crypto as an asset class. Its going to be another year or two of bear nuclear winter.


Good read if you're in for the long haul: messari.io/report/cr...ypto-theses-for-2020
I'm bullish bias.


Watching hashrate:

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Update. Wait for hash rate confirmation.
It might chop here for a bit more.

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Notes on chart.
8k tag as the first level of ab=cd target from 7k.


Hope you see how this works, with a multi timeframe & multiple confirmations approach to price action.