BTC 10.4.19

Most of us are used to looking at the smaller time frames that sometimes we forget to zoom out and look at the bigger picture I used this exact method to help me identify the peak of our 2019 ATH. If you look closely at the Monthly BLX all the way from 2010 until today, you can clearly see how the trend-lines that i drew out are perfectly being respected by the market. Now zooming in on the weekly.  Recently we just had a $2,000 dump and BTC went right through the ceiling ignoring all levels of support except the 100 Weekly MA On a shorter time frame there is no doubt in my mind that we will have a minor bounce from here but continue looking at the bigger picture I highly believe that the 100 Weekly MA will be broken and once that level is broken we should have another major dump which will bring us to the 50 Weekly MA. Now notice how our 50 W MA perfectly aligns with my red trend line, which at this point it should act as super strong support. When this does happen I will be injecting a lot of fiat into the market as I highly believe that this will be the bottom before... the run towards the moon. Cheers!