Bitcoin Bullish Point and Figure trend.
3-31-19:
The bearish 45° trend line from the November collapse below 6,000 was finally broken on Feb 20. A new bullish 45° is in force, and there is enough point and figure columns printed to generate a target of ~9,000 from the 4.5 months of consolidation.
Bulls will need to show a sign of strength by breaking through the 4340 level.
I remain bullish above the 45° trend line. Good Luck!
The bearish 45° trend line from the November collapse below 6,000 was finally broken on Feb 20. A new bullish 45° is in force, and there is enough point and figure columns printed to generate a target of ~9,000 from the 4.5 months of consolidation.
Bulls will need to show a sign of strength by breaking through the 4340 level.
I remain bullish above the 45° trend line. Good Luck!
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